"Long-term care leads healthcare in number of distressed properties." Written from the perspective of lawyers handling bankruptcies, this article asserts that the number of bankruptcies understates the number of troubled properties because, "For every project we work on where we have to interact with the Chapter 11 system, we have six, seven, eight that we handle out of court. So we’re doing a ton of out-of-court workouts, some receiver shifts and liability management transactions,” Gordon said. “Given how expensive Chapter 11 has become, there’s a lot more happening out of court than in court.”
Source: https://www.mcknightsseniorliving.com/news/long-term-care-leads-healthcare-in-number-of-distressed-properties/