Tuesday, December 27, 2022

German hospitals may face ‘unprecedented’ wave of bankruptcies: Survey

The German Hospital Federation on Tuesday warned of an “unprecedented” wave of bankruptcies next year due to the energy crisis and high inflation.

“Our clinics could be hit by a wave of insolvencies in 2023,” Gerald Gass, the group’s chairman, told local media, adding that the government’s financial aid plan has been insufficient.

According to an annual survey conducted by the German Hospital Institute, 59% of hospitals expect massive financial losses this year, and they are already operating on negative margins.

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