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2 days ago · Case Background. On May 6, 2024, Steward Health Care System LLC and 166 of its affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.
1 day ago · The feds have raised an objection about Steward Health Care's planned bankruptcy proceedings, seeking additional time to investigate the health system's planned sale of its assets. In particular ...
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How many healthcare companies have filed for bankruptcy?
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Was 2023 the biggest year for healthcare bankruptcy filings?
Nov 22, 2023 · So far this year, over 80 healthcare companies with more than $10 million in liabilities have filed for bankruptcy (including Chapter 11, Chapter 7, Chapter 9 and Chapter 15), according to data ...
Jan 25, 2024 · bankruptcy Skilled Nursing Facilities Hospitals. 2023 was the biggest year for healthcare Chapter 11 bankruptcy filings in the past half-decade, according to a new research report from Gibbins ...
- Dave Muoio
Jul 13, 2020 · The decision of whether a hospital or health system should file for bankruptcy is best left to the organization’s management and board of trustees. But once an organization decides to file for Chapter 11 bankruptcy, there are a number of legal factors and considerations unique to the healthcare industry that these leaders must take into account.
Apr 5, 2024 · Jeffrey P. Fuller. Last year was the busiest in recent years for Chapter 11 bankruptcy cases involving health-care businesses ( as defined in the Bankruptcy Code) with assets greater than $10 million. While Q1 2024 didn’t break any records for health-care Chapter 11 cases, 2024 still may prove to be another busy year for distressed health ...
May 6, 2024 · Embattled health system Steward Health Care filed for bankruptcy on Monday, a move it says is critical to continue to treat patients as it navigates its financial issues. In a press release, the ...
