By Jennifer Riggins sits down with Thomas H. Curran, Managing Partner of Thomas H. Curran Associates, to unpack the accelerating wave of healthcare bankruptcies across the United States—and why 2025 represents a pivotal turning point for the industry.
Together, they examine the rise of mega Chapter 11 filings, including high-profile cases like Steward Healthcare, which has reshaped entire regional healthcare landscapes. Thomas explains how private equity ownership, rising labour and inflation-driven operational costs, and post-COVID staffing pressures have pushed many systems to the brink.
The episode also explores the community-level fallout of hospital closures, the limitations of using commercial bankruptcy tools for a non-commercial healthcare sector, the role of Medicare/Medicaid pressures, and the complexities of creditor rights and claw-back litigation.
If you work in healthcare, restructuring, finance, investment, or policy—or simply want to understand what’s driving the instability of hospital systems—this episode provides rare clarity and expert insight into one of the most important issues of our time.
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