Bankruptcies among PE-backed healthcare companies spiked in 2023, report finds
More than a fifth of the healthcare companies that filed for bankruptcy last year were owned by private equity firms, which also have a hand in many healthcare companies teetering on the brink in 2 | Private equity-backed companies represented more than 20% of last year’s healthcare bankruptcies, handily outpacing those of the past five years. Further, nearly all of the companies with high credit risk going into 2024 were owned by private equity firms.