PE-backed firms accounted for at least 17, or about a fifth, of the 80 bankruptcies of health-care companies last year, the Private Equity Stakeholder Project said.
The Thomasville Regional Medical Center faces foreclosure and could be sold at auction on May 9, unless a deal to transfer it to new owners goes through, according to court filings and Thomasville Mayor Sheldon Day.
Elevance Health reported a first quarter profit of $2.2 billion as strong growth in sales of commercial health insurance and healthcare services offset a big decrease in Medicaid enrollment.