17 out of 80 healthcare company bankruptcies in 2023 linked to private equity firms, report finds.
Private equity-owned businesses accounted for a high number of healthcare bankruptcies in 2023, with 17 of the 80 healthcare company bankruptcies linked to PE firms, according to a report by the Private Equity Stakeholder Project. At least 38 healthcare-related companies filed for bankruptcy in the last five years. The report states that almost all US healthcare companies considered at high risk of default are backed by private equity, leading to concerns of another wave of distress in 2024.
April 17, 2024
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