Petersen Health Care Inc., which runs around 100 nursing homes and assisted living facilities in the Midwest, is preparing to file for chapter 11 bankruptcy in the coming weeks, Bloomberg News reported. The Peoria, Ill.-based company has had more than a dozen of its locations put into receivership in recent weeks, according to court papers. In late January, a court ordered several of the company’s facilities to be put into receivership after lenders alleged that the company had defaulted on its debt. On Tuesday, two more of its facilities were put into receivership. Senior living companies have faced immense pressures since the COVID-19 pandemic began. Many struggle with persistent staff shortages and higher costs for labor, supplies and insurance, and inadequate government reimbursements.
