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U.S. Health Care Faces Crisis: 79 Bankruptcies in 2023

8/26/2025

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Summary

Story summary

In 2023, the U.S. health care sector reported 79 bankruptcy filings, exceeding historical averages.
Notable companies, including Genesis HealthCare and Prospect Medical Holdings, filed for Chapter 11 due to increasing debts.
Experts indicate persistent budget pressures may lead to further staff reductions, influenced by private equity strategies.

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Story summary

In 2023, the U.S. health care sector reported 79 bankruptcy filings, exceeding historical averages.
Notable companies, including Genesis HealthCare and Prospect Medical Holdings, filed for Chapter 11 due to increasing debts.
Experts indicate persistent budget pressures may lead to further staff reductions, influenced by private equity strategies.