Healthcare bankruptcies decline 21% as sector stabilizes in 2025
Healthcare company bankruptcies dropped 21% year-over-year, indicating sector recovery.
Event / Economy
US Corporate Bankruptcies 2025-2026
Bankruptcies in US craft brewing and healthcare sectors including Great Marsh Brewing Chapter 11 filing and GoHealth Inc. health insurance marketplace prepackaged bankruptcy in June 2026. Craft beer production declined 5% amid industry consolidation while healthcare bankruptcies fell 21% in 2025 before rising again in 2026.
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2026-08-16 to 2026-11-13 · UTC publication dates
Coverage begins 11 Jun, 03:36 UTC
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What happened
Craft brewery closures outnumber openings in 2025
In 2025, brewery closures exceeded openings for the second consecutive year. The Brewers Association tracked 268 new brewery openings and 434 closings during 2025. Although closings represented 4.4% of total operating breweries, the trend reflects broader challenges in the industry including changing consumer behaviors, retailer rationalization, cost increases from inflation and tariffs, and increased competition.
U.S. Department of Justice files complaint against GoHealth under False Claims Act
In May 2025, the U.S. Department of Justice filed a complaint-in-intervention under the False Claims Act and Anti-Kickback Statute against several health insurance companies, including GoHealth. The complaint required GoHealth to expend financial resources to defend itself.
Great Marsh Brewing files Chapter 11 bankruptcy and closes
Great Marsh Brewing, a Massachusetts brewery operating since 2019, filed for Chapter 11 bankruptcy in June 2026 and closed its doors. The company planned to liquidate its assets, including its 12,000-square-foot waterfront building, through a scheduled auction. The brewery was founded by John Collins, who purchased the site in 2017 for $845,000 and opened it in 2019.
GoHealth files prepackaged Chapter 11 bankruptcy
GoHealth Inc., a Chicago-based health insurance marketplace and Medicare-focused digital health company, filed for prepackaged Chapter 11 bankruptcy on June 7, 2026 in the U.S. Bankruptcy Court for the District of Delaware. The company listed approximately $917 million in assets and $986 million in debts. GoHealth was founded 25 years prior and had raised over $900 million in a 2020 IPO with an initial valuation of $6.6 billion.
GoHealth's interest rate doubled after credit facility amendment
GoHealth amended its credit facilities, resulting in higher interest rates and stricter covenants. The company's interest rate doubled, significantly increasing its debt service obligations and contributing to its financial distress.
Healthcare company bankruptcies decline 21% from 2024 to 2025
Healthcare company Chapter 11 bankruptcies declined 21% in 2025 compared to 2024, according to Gibbins Advisors' 2025 Healthcare Bankruptcy Report. The sector faced challenges including increased insurance liability premiums, declining reimbursement rates, Medicaid reductions, rising labor and operating costs, and higher interest rates.
U.S. craft beer production declines 5% in mid-2025
Craft beer volume was estimated to be down 5% in July 2025 according to the Brewers Association's midyear survey, representing a steeper decline than the full-year trend of 2024 (-4%). Scan data for Q3 2025 suggested continued weakening in the latter half of 2025.
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2 alternative perspectives
GoHealth faces bankruptcy and federal fraud allegations simultaneously
GoHealth files prepackaged Chapter 11 bankruptcy amid DOJ fraud allegations and doubled borrowing costs.
Craft breweries face contraction as closures outnumber openings
Craft brewery closures outnumber openings as U.S. production declines 5% in 2025.