More North Texas health care companies could be left in critical condition in 2018 [View all]
The so-called “restructuring epidemic” in the healthcare sector is projected to only get worse, and health care businesses in Texas are already among the most frequent to find themselves in critical condition.
There were a slew of bankruptcies filed in Texas in 2017, including Lewisville’s Adeptus Health, which owns free-standing emergency rooms, Walnut Hill Medical Center in Dallas, and nursing home operator Preferred Care, based in Plano.
Confusion over another major revamp of the nation’s health care legislation was among the challenges cited by health care providers this year, including Dallas-based Tenet Healthcare, one of the country’s largest hospital chains. With losses piling up and facing a proxy fight, it jettisoned its CEO and announced it might sell some profitable assets.
And there’s evidence to suggest that consumers may be foregoing care as they take on more of the cost burden in high-deductible health insurance plans.
Read more: https://www.dallasnews.com/business/health-care/2017/12/29/north-texas-health-care-companies-critical-condition-2018-prediction
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