Senior Care Operators Accounted For 23% Of Health Care Entity Bankruptcy Filings In 2024

Entities providing senior care services accounted for 23.1% of the 57 bankruptcy actions filed by health care entities in the U.S. during 2024. In 2024, entities in the senior care sector filed 11 bankruptcy petitions, the fewest filed annually since 2021. From 2019 to 2023, the percentage of health care bankruptcy filings by senior care operators represented from 19% to nearly 29% of the total filings each year.

The 57 health care industry bankruptcy filings in 2024 represented a decline of 28% compared to the 79 filed in 2023. From 2019 through 2022, the number of health care . . .