German hospitals face record insolvencies due to rising staff costs

BERLIN, Dec. 27 (Xinhua) -- The situation in Germany's hospitals is "worse than ever before," with insolvencies expected to reach record levels in 2024, the German Hospital Federation (DKG) warned on Wednesday.

Following almost 40 insolvencies this year, the number of hospitals filing for insolvency could double "due to the foreseeable strong development in staff costs," DKG Chairman Gerald Gass said.