The well being care sector has confronted a big discount in chapter filings in 2025 in comparison with 2024 and 2023, however main well being companies corporations have continued submitting petitions.
No less than 21 hospitals, well being methods, and healthcare organizations have filed for chapter safety this 12 months to this point, in line with a evaluation of information from Becker’s Hospital Assessment and TheStreet articles. A number of well being care corporations that filed for chapter in latest TheStreet articles weren’t listed in Becker’s knowledge.
Annual healthcare bankruptcies:
- 2025, about 21 chapter filings(as of Nov. 21)
- 2024, 57 filings
- 2023, 79 filings
A type of well being care corporations is well being care know-how firm Glutality World Holdings LLC, which focuses on distant affected person monitoring for individuals with high-risk ailments like diabetes.
The Boca Raton, Fla.-based well being care firm filed its Chapter 11, Subchapter V, petition within the U.S. Chapter Court docket for the Southern District of Florida in West Palm Seaside on Oct. 31, itemizing $100 million to $500 million in property and liabilities to reorganize its enterprise and restructure its money owed, in line with RK Consultants.
Navidea, ModivCare file for Chapter 11 chapter
Troubled biopharmaceutical firm Navidea Biopharmaceuticals Inc. additionally filed for Chapter 11 safety on Oct. 1, dealing with monetary misery after years of litigation, provide chain points, and a latest menace of an involuntary chapter petition.
Earlier than Navidea, large well being care companies supplier ModivCare Inc. and 70 associates filed for a prearranged Chapter 11 chapter on Aug. 20, looking for to scale back their $1.4 billion in debt and hand their property to prepetition lenders, dealing with an unsustainable capital construction, deteriorating liquidity, and trade headwinds.
Psychological well being companies supplier Omni Well being Providers Inc. information for Chapter 11 chapter.
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Omni Well being Providers information for chapter
And now, one other main psychological well being companies supplier, Omni Well being Providers Inc., has filed for Chapter 11 chapter, looking for to reorganize its enterprise and restructure its money owed.
The Colmar, Pa.-based psychological well being companies supplier for youngsters, adults, and seniors filed its petition on Nov. 20 within the U.S. Chapter Court docket for the Japanese District of Pennsylvania in Philadelphia, itemizing $1 million to $10 million in property and liabilities, in line with Chapter Observer.
Omni Well being Providers’ largest collectors embody U.S. Small Enterprise Administration, Berkshire Financial institution, Truist Financial institution, Crozer Keystone Well being Community Psychiatry Billing, Ellora Methods, and Glemore Administration Associates Inc., What Now Philly reported.
Omni operates 18 areas
The psychological well being companies supplier operates 18 clinics in Pennsylvania and New Jersey, situated in Colmar, Allentown, Bristol, Bethlehem, Chester, Easton, Hazelton, Kingston, Quakertown, Scranton, Tobyhanna, and Higher Darby, Pa., in line with its web site.
The healthcare supplier’s New Jersey areas are in Atlantic Metropolis, Camden, Highland Park, Neptune, Phillipsburg, and Vineland, N.J.
Omni Well being Providers is a privately owned, behavioral healthcare company, based in 2007 by its CEO, Michael Thevar, who additionally co-founded Omni Well being Providers Personal Restricted in Mumbai, India.
Omni offers outpatient and telehealth companies, which embody a variety of outpatient psychological well being companies to people with emotional, psychiatric, or behavioral points or co-occurring problems.
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It additionally offers short-term intensive behavioral well being companies for youngsters from beginning to age 21 to satisfy psychological and behavioral well being issues. The well being companies supplier additionally affords peer assist companies for people who’ve achieved vital restoration to help others of their restoration journey.
“Our mission at Omni is to provide culturally competent, inclusive, and effective therapeutic services that foster mental health, emotional well-being, and overall improvement of our valued consumers,” the corporate’s web site asserts.
Omni Well being Providers areas
- Colmar, Pa.
- Allentown, Pa.
- Bristol, Pa.
- Bethlehem, Pa.
- Chester, Pa.
- Easton, Pa.
- Hazelton, Pa.
- Kingston, Pa.
- Quakertown, Pa.
- Scranton, Pa.
- Tobyhanna, Pa.
- Higher Darby, Pa.
- Atlantic Metropolis, N.J.
- Camden, N.J.
- Highland Park, N.J.
- Neptune, N.J.
- Phillipsburg, N.J.
- Vineland, N.J.
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