Well being care is on many individuals’s minds recently as Congress struggles to discover a answer to the expiring Reasonably priced Care Act subsidies for people and households, which has led to a stalemate between Republicans and Democrats and a shutdown of the federal authorities for 2 weeks thus far.
Everyone seems to be searching for cash for well being care, whether or not it is sufferers, well being care suppliers, insurance coverage corporations, and members of Congress.
In relation to well being care suppliers, a number of are dealing with monetary misery, are in dire want of money, and wish to hunt out-of-court restructurings or in-court chapter filings to assist remedy their issues.
The financial challenges inflicting monetary misery embrace elevated insurance coverage legal responsibility premiums, a decline in reimbursement charges, and rising labor, product, and working prices.
Senior care facility operator annual chapter filings:
- 2023 annual senior care facility operator chapter filings: 15
- 2024 annual senior care facility operator chapter filings: 11
- 2025 annual senior care facility operator chapter filings: 16 (projected)
Chapter filings within the well being care business numbered 79 instances in 2023 and 57 in 2024, after averaging 42 chapter filings every year from 2019 by 2022, based on Gibbins Advisors.
Senior care corporations accounted for a good portion of these bankruptcies with 15 companies submitting in 2023 and one other 11 submitting in 2024.
Operators of long-term care amenities can count on a rise in chapter filings in 2025, with 16 projected for the yr by Gibbins, after 8 corporations filed for chapter safety within the first half of the yr, Senior Housing Information reported.
Large senior care facility chains file for chapter
An enormous senior care facility chain is amongst these first eight debtors, as Pacifica Senior Dwelling LLC, which operates about 93 care properties nationwide, on March 24, 2025, filed for Chapter 7 liquidation, with a few of its amenities reportedly set to evict residents and shut.
The senior care facility operator confronted authorized judgments because it settled a lawsuit in 2024 for $2.5 million involving its Healdsburg Senior Dwelling facility in Healdsburg, Calif., the Santa Rosa Press Democrat reported.
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Pacifica Senior Dwelling, which was based in 1978, operated independent-living, assisted-living, memory-care, respite-care, skilled-nursing, and adult-care amenities.
Months later, large well being care amenities operator Genesis Healthcare Inc., which operates 175 amenities in 40 states, filed for Chapter 11 chapter on July 11, in search of a sale to associates of a prepetition lender.
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Cypress Expert Nursing reorganizing in chapter
Lastly, troubled expert nursing facility chain operator, Cypress Expert Nursing LLC, filed for Chapter 11 safety to reorganize its companies, based on RK Consultants.
The Atlanta-based operator of 9 expert nursing amenities in Georgia filed its petition within the U.S. Chapter Court docket for the Northern District of Texas on Oct. 13, itemizing $1 million to $10 million in belongings and liabilities in its petition.
The debtor didn’t state a selected motive in its petition for submitting for chapter.
Cedar Valley facility will get a 5-star score
The expert nursing facility operator confronted scrutiny from regulators for operations at seven of its amenities. The corporate’s greatest facility, based on Medicare.gov is its Cedar Valley Nursing & Rehabilitation Heart in Cedartown, Ga., which acquired a 5-star total score out of 5 stars.
The corporate additionally acquired a 3-star score for its Pine Knoll Nursing & Rehabilitation Heart in Carrollton, Ga.
Cypress Expert Nursing LLC amenities:
- Cedar Valley Nursing & Rehabilitation Heart in Cedartown, Ga.
- Pine Knoll Nursing & Rehabilitation Heart in Carrollton, Ga.
- Carrollton Nursing & Rehabilitation Heart in Carrollton, Ga.
- Chestnut Ridge Nursing & Rehabilitation Heart in Cumming, Ga.
- Haralson Nursing & Rehabilitation Heart in Bremen, Ga.
- Roswell Nursing & Rehabilitation Heart in Roswell, Ga.
- Social Circle Nursing & Rehabilitation Heart in Social Circle, Ga
- College Nursing & Rehabilitation Heart in Athens, Ga.
- Woodstock Nursing & Rehabilitation Heart in Woodstock, Ga.
Cypress Expert Nursing acquired a 1-star score for every of its different seven amenities, together with Carrollton Nursing & Rehabilitation Heart in Carrollton, Ga.; Chestnut Ridge Nursing & Rehabilitation Heart in Cumming, Ga.; Haralson Nursing & Rehabilitation Heart in Bremen, Ga.; Roswell Nursing & Rehabilitation Heart in Roswell, Ga.; Social Circle Nursing & Rehabilitation Heart in Social Circle, Ga.; College Nursing & Rehabilitation Heart in Athens, Ga.; and Woodstock Nursing & Rehabilitation Heart in Woodstock, Ga.
The corporate’s Woodstock facility has additionally been cited for abuse, based on Medicare.gov.
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