Health Care Titans are Filing for Bankruptcy in America
All sectors have their share of bankruptcies every year, but the health care sector is experiencing these filings in a concerning way; major players are going under as the weight of financial headwinds takes a huge toll. The health care system has variously been described as being in the throes of a crisis, and companies within the system are no exception. The yearly average for bankruptcy filings in America has been approximately 42, but a recent report authored by Gibbins Advisors says that in 2023 there were 79 such filings while 2024 had 57 bankruptcy filings. Bankruptcy filings seem to…