Healthcare bankruptcies slow after reaching five-year high in 2023: report

Healthcare sector bankruptcies have reduced in 2024 following a spike in the previous year. While the slowdown doesn’t necessarily mean the financial challenges have decreased, restructuring might be happening outside the courts, while case volumes could increase later in the year, according to Gibbins Advisors. The slow pace is largely due to fewer filings among middle-market companies, but bankruptcies in large healthcare firms remain high.