Study: Hospitals rarely survive bankruptcy

A study shows 67 percent of hospitals that filed for bankruptcy between 2000 and 2006 eventually ceased to operate, The Journal News reports. Furthermore, the study found bankrupt hospitals are typically smaller than their competitors and less likely to belong to a system. "Bankruptcy is considered the ultimate business failure," Amy Yarbrough Landry, a professor at the University of Alabama at Birmingham who conducted the study with her husband, a bankruptcy attorney, told The Journal News. "Even if the hospital continues to operate, it's not going to be the same going forward. If nothing changes, it will fail again." Article