This article appeared in The Bankruptcy Strategist, an ALM publication offering techniques and strategy for Bankruptcy Practice Groups, Personal Bankruptcy Practitioners, In-House Counsel, Corporate Counsel. Visit the website to learn more.
Various factors, including increased competition and reimbursement landscape challenges, have led hospitals, health systems, physician groups, assisted-living facilities and other providers to file for bankruptcy over the last few years. For the remainder of 2017, due in part to the current uncertainty in the healthcare industry and its legislative oversight, more financially distressed providers are considering Chapter 11 bankruptcy to effectuate closures, consolidation, restructurings and related transactions.
