Weekly Updates & Resources from CHUG

REPORT SHOWS SENIOR LIVING LARGELY REPRESENTED IN Q4 BANKRUPTCIES

Healthcare bankruptcies are on the rise due to the effects of the COVID-19 pandemic on already-brittle infrastructures in the healthcare industry.

These strains have been seen predominantly in staff shortages, increased operating costs, decreased occupancy, and citations to name a few.

“The Health Care Services Distress Research Index was at 196.67 four the fourth quarter 2021 — a 108-point increase over the third quarter and the second consecutive increase in healthcare bankruptcy filings.”