Bankruptcies mounting in troubled nursing home industry

Gibbins Advisors co-founder and Principal, Ronald Winters, speaks to Modern Healthcare to discuss the Gibbins Advisors latest healthcare bankruptcy research and stress factors for the industry.

High labor costs, rising interest rates and looming federal staffing minimums are prompting more nursing homes and senior living operators to file for bankruptcy.

The two kinds of care providers accounted for half of the 40 filings for Chapter 11 bankruptcy reorganization in healthcare through the first half of the year, according to Gibbins Advisors, a healthcare advisory and restructuring consultancy.