Major health services provider files for Chapter 11 bankruptcy

The health care sector has faced a significant reduction in bankruptcy filings in 2025 compared to 2024 and 2023, but major health services companies have continued filing petitions.

At least 21 hospitals, health systems, and healthcare organizations have filed for bankruptcy protection this year so far, according to a review of data from Becker's Hospital Review and TheStreet articles. Several health care companies that filed for bankruptcy in recent TheStreet articles were not listed in Becker's data.

Annual healthcare bankruptcies:

• 2025, about 21 bankruptcy filings(as of Nov. 21)

• 2024, 57 filings

• 2023, 79 filings

One of those health care companies is health care technology company Glutality Global Holdings LLC, which specializes in remote patient monitoring for people with high-risk diseases like diabetes.

The Boca Raton, Fla.-based health care company filed its Chapter 11, Subchapter V, petition in the U.S. Bankruptcy Court for the Southern District of Florida in West Palm Beach on Oct. 31, listing $100 million to $500 million in assets and liabilities to reorganize its business and restructure its debts, according to RK Consultants.

Navidea, ModivCare file for Chapter 11 bankruptcy

Troubled biopharmaceutical company Navidea Biopharmaceuticals Inc. also filed for Chapter 11 protection on Oct. 1, facing financial distress after years of litigation, supply chain issues, and a recent threat of an involuntary bankruptcy petition.

Before Navidea, giant health care services provider ModivCare Inc. and 70 affiliates filed for a prearranged Chapter 11 bankruptcy on Aug. 20, seeking to reduce their $1.4 billion in debt and hand their assets to prepetition lenders, facing an unsustainable capital structure, deteriorating liquidity, and industry headwinds.

Omni Health Services files for bankruptcy

And now, another major mental health services provider, Omni Health Services Inc., has filed for Chapter 11 bankruptcy, seeking to reorganize its business and restructure its debts.

The Colmar, Pa.-based mental health services provider for children, adults, and seniors filed its petition on Nov. 20 in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania in Philadelphia, listing $1 million to $10 million in assets and liabilities, according to Bankruptcy Observer.

Omni Health Services' largest creditors include U.S. Small Business Administration, Berkshire Bank, Truist Bank, Crozer Keystone Health Network Psychiatry Billing, Ellora Systems, and Glemore Management Associates Inc., What Now Philly reported.

Omni operates 18 locations

The mental health services provider operates 18 clinics in Pennsylvania and New Jersey, located in Colmar, Allentown, Bristol, Bethlehem, Chester, Easton, Hazelton, Kingston, Quakertown, Scranton, Tobyhanna, and Upper Darby, Pa., according to its website.

The healthcare provider's New Jersey locations are in Atlantic City, Camden, Highland Park, Neptune, Phillipsburg, and Vineland, N.J.

Omni Health Services is a privately owned, behavioral healthcare corporation, founded in 2007 by its CEO, Michael Thevar, who also co-founded Omni Health Services Private Limited in Mumbai, India.

Omni provides outpatient and telehealth services, which include a wide range of outpatient mental health services to individuals with emotional, psychiatric, or behavioral issues or co-occurring disorders.

More bankruptcy:

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It also provides short-term intensive behavioral health services for children from birth to age 21 to meet mental and behavioral health concerns. The health services provider also offers peer support services for individuals who have achieved significant recovery to assist others in their recovery journey.

"Our mission at Omni is to provide culturally competent, inclusive, and effective therapeutic services that foster mental health, emotional well-being, and overall improvement of our valued consumers," the company's website asserts.

Omni Health Services locations

• Colmar, Pa.

• Allentown, Pa.

• Bristol, Pa.

• Bethlehem, Pa.

• Chester, Pa.

• Easton, Pa.

• Hazelton, Pa.

• Kingston, Pa.

• Quakertown, Pa.

• Scranton, Pa.

• Tobyhanna, Pa.

• Upper Darby, Pa.

• Atlantic City, N.J.

• Camden, N.J.

• Highland Park, N.J.

• Neptune, N.J.

• Phillipsburg, N.J.

• Vineland, N.J.

Related: 31-year-old global cosmetics brand files Chapter 11 bankruptcy

This story was originally reported by TheStreet on Nov 21, 2025, where it first appeared in the Health section. Add TheStreet as a Preferred Source by clicking here.