Senior living and care leads healthcare bankruptcies again in first quarter

Senior living and care leads healthcare bankruptcies again in first quarter
McKnight’s Senior Living; by Kathleen Steele Gaivin; 6/3/25
Senior living and care bankruptcies hit a two-year high in the first quarter, increasing to seven from three in the fourth quarter of 2024. That’s the highest quarterly increase in two years, according to a new report from healthcare restructuring advisory firm Gibbins Advisors. Senior living and care bankruptcies accounted for more than 40% of total healthcare filings, according to the report.
Guest Editor Mark Cohen: Hospices with a significant census in nursing homes should be prepared in the event a care partner comes under fire from a consumer watchdog group and/or local/regional/national media. Be prepared with talking points for patients/families, your own staff, other nursing home partners and, of course, the media. A simple “no comment” is never the right response to a call from the media. There are constructive ways to no comment a media query without dismissively saying “no comment.” See related article New report details ongoing staffing shortages in Iowa nursing homes.