Growth = Financial Sustainability

After reaching a four-year high in 2018, the volume of heath care and medical industry bankruptcy filings in the United States continues to be significant. As of the end of 2020, bankruptcies in health care and medical sector companies—including hospitals, physicians' offices and clinics, specialty outpatient facilities, assisted-living facilities, and other providers—numbered 752, of which 458 were chapter 11 filings. That compared to 678 total filings (405 chapter 11 cases) in 2019 and 937 total filings (668 chapter 11 cases) in 2018 (see Focus on Health Care Provider Bankruptcies).

But 2021 was different. The number of . . .