Journal of Urgent Care Medicine

Private Equity Bracing For Healthcare Bankruptcies

Private equity firms were responsible for a significant number of healthcare sector bankruptcies last year, and another round of bankruptcies is anticipated in 2024. Nearly all of the financially strained healthcare companies in the United States are under private equity ownership, according to a report from the nonprofit Private Equity Stakeholder Project (PESP), which analyzes the impact of private equity ownership across multiple industries. PESP reported that last year, private equity-backed companies accounted for at …

Bankruptcy Part Two: Honesty is the Only Policy

JOHN SHUFELDT, MD, JD, MBA, FACEP In this challenging financial market, in this space (urgent care medicine), should bankruptcy be something with which you are overly concerned? The answer is an unequivocal, “yes!” Urgent care ownership is not for the faint of heart or the short of capital. As a friend of mine said, “This business has a lot of moving parts and misfiring on any one of them can cause your business to be …

Bankruptcy: When BK Doesn’t Mean You Can Have It Your Way

JOHN SHUFELDT, MD, JD, MBA, FACEP My favorite movie—other than Wedding Crashers, of course—is It’s a Wonderful Life. I watch it every Christmas. One of the most memorable scenes is where Uncle Billy misplaces the envelope containing the deposits. Once George realizes the gravity of the situation, he confronts Uncle Billy: “Where’s that money, you stupid old fool? Where’s that money? Do you realize what this means? It means bankruptcy and scandal and prison, that’s …