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UPDATE 2-Cano Health files for bankruptcy, receives $150-mln …

(6 days ago) WEB(Adds share movement in paragraph 2) Feb 5 (Reuters) - Cano Health filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware late on Sunday and said it entered into

https://finance.yahoo.com/news/1-cano-health-files-bankruptcy-055750350.html

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Healthcare bankruptcies are rising. Here are five major filings so …

(8 days ago) WEBThe bankruptcy wiped out private equity firm KKR’s investment in Envision. In 2018, the PE firm shelled out over $5 billion to take Envision private in a deal valued …

https://www.healthcaredive.com/news/healthcare-bankruptcies-rising-five-major-filings-2023/700132/

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In a 'spectacular collapse,' Cano Health files for bankruptcy

(9 days ago) WEBCano Health today announced its intentions for file for bankruptcy in an effort to stay afloat after incurring nearly $1 billion in debt. The company said it has …

https://www.fiercehealthcare.com/payers/spectacular-collapse-risk-bearing-provider-company-cano-health-files-bankruptcy

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Healthcare bankruptcies reached five-year peak in 2023, report finds

(5 days ago) WEBResearchers logged 79 Chapter 11 bankruptcies for companies with liabilities of at least $10 million last year, more than three times the number of 2021 filings.

https://www.healthcaredive.com/news/healthcare-bankruptcies-spike-2023-gibbins-advisors/705738/

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Charted: Hospital bankruptcies reach 5-year high

(3 days ago) WEBHospital bankruptcies hit 5-year high. According to the report, there were 79 bankruptcy filings in the healthcare sector in 2023, the highest since 2019, which saw …

https://www.advisory.com/daily-briefing/2024/01/30/bankruptcies

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Healthcare bankruptcies in 2023 hit highest level in 5 years

(6 days ago) WEBThe advisory firm's report, which looked at Chapter 11 bankruptcy case filings from 2019 to 2023, found 79 healthcare companies with more than $10 million in …

https://www.modernhealthcare.com/finance/healthcare-bankruptcies-2023-gibbins-advisors

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States confront medical debt that’s bankrupting millions

(4 days ago) WEBLawmakers in over a dozen states and the U.S. Congress are tackling medical debt, which has become a leading cause of personal bankruptcy. The Kaiser Family Foundation reports an estimated 100 …

https://apnews.com/article/medical-debt-legislation-2a4f2fab7e2c58a68ac4541b8309c7aa

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Healthcare Sector Bankruptcies Are On The Rise - Forbes

(5 days ago) WEBLate last week, yet another healthcare giant was reported to be preparing for bankruptcy filings: Rite Aid Corporation. According to news reports, the healthcare and …

https://www.forbes.com/sites/saibala/2023/08/27/healthcare-sector-bankruptcies-are-on-the-rise/

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50+ healthcare bankruptcies in 2022 - Becker's Hospital Review

(5 days ago) WEB50+ healthcare bankruptcies in 2022. Becker's has reported on at least 19 hospitals or health systems in 2022 that either filed for bankruptcy, closed or …

https://www.beckershospitalreview.com/finance/50-healthcare-bankruptcies-in-2022.html

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Healthcare company bankruptcies up 84% in 2022

(9 days ago) WEBChapter 11 bankruptcy filings for healthcare companies were 84% higher in 2022 compared to 2021, according to a recent report from advisory firm Gibbins …

https://www.healthcaredive.com/news/healthcare-company-bankruptcies-2022-hospitals-senior-care-pharma/640504/

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Medical Bills Are the Biggest Cause of US Bankruptcies: Study

(3 days ago) WEBBankruptcies resulting from unpaid medical bills will affect nearly 2 million people this year—making health care the No. 1 cause of such filings, and outpacing …

https://www.cnbc.com/id/100840148

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Cano Health wins creditor support to cut debt, exit bankruptcy

(6 days ago) WEBMH Illustration. Cano Health Inc. won support from lower-ranking creditors for a plan to slash about $1 billion in debt and exit bankruptcy under new owners. At a court …

https://www.modernhealthcare.com/digital-health/cano-health-bankruptcy-creditor-support-cut-debt

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Medical Bankruptcy: Still Common Despite the Affordable Care Act

(3 days ago) WEBMedical debtors more frequently self-reported fair or poor health (odds ratio [OR] = 2.88; P < .001), major disability (OR = 2.52; it assumed that only hospitalized patients can …

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6366487/

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Focus on Health Care Provider Bankruptcies Jones Day

(7 days ago) WEBFocus on Health Care Provider Bankruptcies. After reaching a four-year high in 2018, the volume of heath care and medical industry bankruptcy filings in the United States …

https://www.jonesday.com/en/insights/2021/02/focus-on-health-care-provider-bankruptcies

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Why Experts Saw Cano Health’s Bankruptcy Coming From A Mile …

(6 days ago) WEBTrayt Health and MedCity News. In a filing with the U.S. Bankruptcy Court for the District of Delaware, Cano reported $1.2 billion in assets and $1.4 billion in debt. …

https://medcitynews.com/2024/02/bankruptcy-healthcare-primary-care-medicare-advantage/

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2023 Healthcare Bankruptcies Reached Highest Level in 5 Years

(9 days ago) WEBBy Victoria Bailey. February 07, 2024 - The number of healthcare bankruptcies in 2023 increased 71 percent from 2022, reaching the highest level in the …

https://revcycleintelligence.com/news/2023-healthcare-bankruptcies-reached-highest-level-in-5-years

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5 Things to Know Before Filing for Medical Bankruptcy - GoodRx

(9 days ago) WEBChapter 7 and Chapter 13 are the two commonly used forms of consumer bankruptcy. Chapter 7 allows consumers to sell — or liquidate — property to pay …

https://www.goodrx.com/healthcare-access/medical-debt/filing-medical-bankruptcy

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Medical Bankruptcies: Can You File Bankruptcy On Medical Bills

(4 days ago) WEBChapter 7 Bankruptcy and Medical Debt. Filing for protection from creditors under Chapter 7 of the U.S. bankruptcy code can help struggling borrowers shed …

https://www.forbes.com/advisor/debt-relief/medical-bankruptcies/

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Steward Health Files Chapter 11 After Medical Properties Deal

(2 days ago) WEBIn January, Medical Properties provided Steward Health with a $60 million bridge loan and deferred some of its rent arrears. Medical Properties fell as much as …

https://www.bloomberg.com/news/articles/2024-05-06/steward-health-files-chapter-11-after-medical-properties-deal

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Steward Health Care seeks bankruptcy protections WBUR News

(5 days ago) WEBDallas-based Steward Health Care filed for Chapter 11 bankruptcy Monday, saying it will move to restructure its debt under court supervision and keep running its …

https://www.wbur.org/news/2024/05/06/steward-bankruptcy-massachusetts-for-profit-hospitals-debt

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Can medical bankruptcy help with medical bills? - USA TODAY

(3 days ago) WEBThe bankruptcy process cannot limit itself to one type of debt; it applies to all of your finances. Your medical bills are lumped in with all of your debts. While …

https://www.usatoday.com/money/blueprint/debt/can-medical-bankruptcy-help-with-medical-bills/

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Universal health care would lower costs and prevent medical …

(1 days ago) WEBUniversal health care would lower costs and prevent medical bankruptcy. A June 2022 study found the United States could have saved $105.6 billion in COVID-19 …

https://healthcare.procon.org/arguments/universal-health-care-would-lower-costs-and-prevent-medical-bankruptcy/

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Steward Health Care files for bankruptcy amid financial crisis

(4 days ago) WEBSteward Health Care, which operates eight Bay State hospitals and has been sinking under a pile of debt to vendors and its de facto landlord, filed for Chapter …

https://www.heraldnews.com/story/news/2024/05/06/steward-health-care-files-for-bankruptcy-amid-financial-crisis/73583700007/

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Why the Steward Health Bankruptcy Filing May Be a Good Thing …

(2 days ago) WEBIt was news that many Medical Properties Trust (MPW-2.15%) investors may have been expecting: Steward Health is filing for bankruptcy protection. That …

https://www.fool.com/investing/2024/05/18/why-the-steward-health-bankruptcy-filing-may-be-a/

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Hospital operator Steward Health Care files for bankruptcy …

(4 days ago) WEBFILE - The Texas Capitol is viewed from its south side on Wednesday, Jan. 5, 2005, in Austin, Texas. Financially embattled hospital operator Steward Health Care …

https://apnews.com/article/steward-health-care-massachusetts-bankruptcy-dddb6acbc19cea9f914d378c7aaf2cec

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Bankrupt Steward Health puts its hospitals up for sale, discloses $9

(3 days ago) WEBUnitedHealth Group Inc. Follow. NEW YORK, May 7 (Reuters) - Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize …

https://www.reuters.com/business/healthcare-pharmaceuticals/bankrupt-steward-health-puts-its-hospitals-up-sale-discloses-9-bln-debt-2024-05-07/

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Why the Steward Health Bankruptcy Filing May Be a Good Thing …

(2 days ago) WEBMPT's own financial position has become a concern as well, with the company planning to generate up to $2 billion in liquidity transactions this year as it looks to …

https://finance.yahoo.com/news/why-steward-health-bankruptcy-filing-140500858.html

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Steward Health Care puts four AZ hospitals up for sale amid …

(1 days ago) WEBand last updated 8:57 AM, May 13, 2024. Four Arizona hospitals owned by Dallas-based Steward Health Care have been listed for sale following the company's …

https://www.abc15.com/news/business/dallas-based-steward-health-care-puts-four-arizona-hospitals-up-for-sale-amid-bankruptcy-filing

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Two-Thirds of Personal Bankruptcies Are Caused by Illness

(6 days ago) WEBThe report “found no evidence that the ACA reduced the proportion of bankruptcies driven by medical problems: 65.5 percent of debtors cited a medical …

https://truthout.org/articles/two-thirds-of-personal-bankruptcies-are-caused-by-illness-and-medical-bills/

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2 AGs Want Largest Hospital System Bankruptcy in Decades …

(9 days ago) WEBThe filing also marks the largest medical provider bankruptcy in decades, Becker’s said. The bankruptcy filing and related motions declare Steward has $1.2 …

https://www.law.com/texaslawyer/2024/05/13/225-docket-entries-in-7-days-in-case-where-ags-want-bankruptcy-investigated/

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Health Insurance and Bankruptcy Law Office of Robert L. Firth

(2 days ago) WEBLaw Office of Robert L. Firth April 26, 2021. Having health insurance is extremely important. Both Chapter 7 and Chapter 13 bankruptcy can help you get and …

https://www.firthlaw.com/resources/blog/health-insurance-and-bankruptcy/

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Steward Health Care files Chapter 11 bankruptcy. Why not Chapter …

(2 days ago) WEBSimply put, Chapter 11 is named for the section of the U.S. bankruptcy code that allows a company to seek protection from creditors while it keeps operating. This …

https://www.enterprisenews.com/story/news/local/2024/05/07/steward-health-care-files-bankruptcy-difference-between-chapter-11-and-chapter-7/73591473007/

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'Tremendous value': Amid bankruptcy, Peoria-based company …

(7 days ago) WEBZach Roth. Peoria Journal Star. Court documents filed shortly after Petersen Health Care filed for Chapter 11 bankruptcy state that there was around $290 million in …

https://www.pjstar.com/story/business/2024/05/17/petersen-health-care-solves-dispute-over-finances-amid-bankruptcy/73687069007/

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Cyberattack disrupts operations at major US health care network

(6 days ago) WEBCNN —. A cyberattack has disrupted “clinical operations” at major health care nonprofit Ascension, forcing it to take steps to minimize any impact to patient care, …

https://www.cnn.com/2024/05/08/tech/cyberattack-disrupts-healthcare-network/index.html

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Texas Two-Step Asbestos Bankruptcy Avoids Supreme Court Look (1)

(7 days ago) WEBThe litigation shield is a core benefit of the Texas Two-Step, a legal strategy in which a company creates a corporate entity, transfers liability to it and places it into …

https://news.bloomberglaw.com/bankruptcy-law/high-court-wont-weigh-in-on-texas-two-step-asbestos-bankruptcy

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Keep It Short, And Other Advice From Fed. Circ. Judges

(1 days ago) WEBLaw360 (May 14, 2024, 4:41 PM EDT) -- Six Federal Circuit judges counseled a packed room of attorneys on Tuesday about the most common ways to ruin their own …

https://www.law360.com/articles/1836807/keep-it-short-and-other-advice-from-fed-circ-judges

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What We Can Learn From Red Lobster's Closures And Looming …

(2 days ago) WEBRed Lobster remains a huge success story on many levels and may rebound or face growing pressure amid widely predicted bankruptcy filings. But its story likely …

https://www.forbes.com/sites/louisbiscotti/2024/05/15/what-we-can-learn-from-red-lobsters-closures-and-looming-bankruptcy/

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