Why You Should Learn the Playbook: Know the Game Plan for Distressed Acquisitions and Divestitures
This Briefing is brought to you by AHLA’s Business Law and Governance Practice Group.
- August 26, 2024
- Jessica Scouten , PYA, PC
- Megan Preusker , Mintz Levin Cohn Ferris Glovsky & Popeo PC
- Ryan K. Cochran , Epstein Becker & Green PC
In 2023, U.S. bankruptcies across all sectors were at a 13-year high, with health care filings being the second leading industry at 81 filings. Hospitals and health systems are not the only segment of the market where participants are experiencing liquidity issues. Nursing care providers as a segment have experienced higher loan defaults. According to the National Investment Center for Senior Housing & Care (NIC), as of the end of the fourth quarter of 2023, delinquent loans for senior housing were at 4.1%, down slightly from 4.4% in the prior quarter but still higher than pandemic-level defaults, while nursing care defaults were at an all-time high.
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