79-year-old key health care provider files Chapter 11 bankruptcy

Health care providers have faced financial distress this year, leading several organizations to seek bankruptcy protection to reorganize their businesses. Economic challenges that many have dealt with include increased insurance liability premiums, a decline in reimbursement rates, and rising labor, product, and operating costs. The health care industry faced a higher rate of bankruptcy filings in the last two years, with 79 cases in 2023 and 57 in 2024, after averaging 42 bankruptcy filings each year fr ...