“Senior care leads in healthcare bankruptcies”

 

“Senior care leads in healthcare bankruptcies,” by Kathleen Steele Gaivin, McKnights Senior Living

“Senior care bankruptcies, combined with pharmaceuticals, made up almost half of Chapter 11 bankruptcies in healthcare over the past three quarters, according to a report from Gibbins Investors published Wednesday. The analysis examined skilled nursing facilities, independent living communities,  assisted living communities and continuing care retirement / life plan communities, among other types of healthcare-related entities. … Jeremy R. Johnson, a restructuring attorney at Polsinelli, told McKnight’s Senior Living earlier this week that the problems in the long-term care industry are extensive, particularly in CCRCs.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

The senior living industry faces a world of hurt just as demand increases and financing tightens.