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By filing for bankruptcy, the Dallas-based company will become eligible for debtor-in-possession financing from Medical Properties Trust, the company that owns the buildings Steward operates in.
A company that operates two hospitals in Arizona has filed for Chapter 11: here's what you should know about Steward Health Care's bankruptcy, and whether this could affect patients.
Steward Health Care said it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection. The Dallas-based company, which operates more than 30...
BOSTON (AP) — Hospital operator Steward Health Care filed for bankruptcy protection early Monday morning, but pledged to maintain the eight hospitals it operates in Massachusetts.
On May 5, 2024, The Wall Street Journal reported that Steward Health Care was expected to file for Chapter 11 bankruptcy protection within the coming days, blaming rising costs, insufficient revenue and cash crunches as part of the decision.
Steward's bankruptcy is set to be one of the largest hospital bankruptcies in U.S. history, and the largest one in decades. The next day, Steward announced that it had indeed filed voluntarily for Chapter 11 bankruptcy protection.
The full impact of the Steward bankruptcy proceedings and possible sale to Optum Care, a subsidiary of United Health Group, is an unknown factor, partially because the state is unaware of the...
Norwood Hospital was a small for-profit community hospital in Norwood, Massachusetts. [1] A member of Steward Health Care, the hospital was evacuated and closed after a significant June 2020 rainstorm led to destructive flooding. [2] While reconstruction was started to reopen the hospital, work halted in February 2024 amid reports of financial ...
“Next week, the House will take up comprehensive legislation to address gaps in our regulatory process that Steward exploited, to stabilize the health care system, and to address the rising...
Senate President Karen Spilka pledged in a TV interview that aired Sunday that the Senate would pursue health care reform legislation in the wake of Steward's financial crisis.