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Bankruptcies are hitting America's healthcare giants

By Newsweek  
   August 26, 2025

America's largest healthcare companies are in dire financial straits, with some of the biggest names on the chopping block as the remainder battle economic headwinds. As patients struggle with rising medical debt, access issues and an overall lack of affordable, quality care, providers and other healthcare companies appear to be falling victim to the same system often described as being in crisis. According to a recent report from Gibbins Advisors, the 79 healthcare bankruptcy filings in 2023 and 57 in 2024 surpassed the annual average of 42 for the previous four years. While senior care and hospital bankruptcies surged past typical levels in the first quarter, overall healthcare bankruptcies dropped markedly in the three months through July. While the tally of filings in 2025 has remained on the worrying trend of the last few years, this year has stood out because of the scale of the companies failing to meet their financial obligations.

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