Becker's Healthcare August 16, 2024
U.S. Bankruptcy Judge Christopher Lopez granted the sale of Stewardship Health to Nashville, Tenn.-based Rural Healthcare Group, part of private equity firm Kinderhook Industries, for $245 million in cash, according to Aug. 16 court documents.
“The deal that’s on the table is the best one,” Mr. Lopez said during an Aug. 16 bankruptcy hearing. “It’s the highest and the best.”
Mr. Lopez’s decision allows the proposed transaction to progress to a review by state and federal regulators for final approval.
RGH comprises 17 clinics across the U.S. Under the sale, it will take on Stewardship, which combines Steward Health Care Network and the Steward Medical Group primary care providers with an integrated primary care network of around 5,000 employed...
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