Nursing Home Chain Petersen Files for Chapter 11 Bankruptcy

One of the largest nursing home operators in the U.S., Petersen Health Care, on Wednesday filed for bankruptcy, following cyberattacks and defaults on government-backed loans. The Illinois-based operator filed for Chapter 11 protection in Delaware bankruptcy court with more than $295 million in debt, according to a report from Reuters. About $45 million of that […]

Japan’s Elder Care Robot Industry Set to Top $3B by 2035

Faced with a demographic situation even more dire than the one in the United States, firms in Japan are leading the way in developing robotic solutions to a caregiver shortage — with an eye on cornering the market in the years to come. The overall worldwide market for robotic assistants used in nursing homes and […]