Healthcare DIVE April 23, 2024
Sens. Elizabeth Warren and Edward Markey sent letters last week to Steward’s top lenders, asking for modified loan terms to help keep hospitals open.
Dive Brief:
- U.S. senators for Massachusetts sent letters late last week to half a dozen of Steward Health Care’s lenders urging them modify loan terms rather than “continue squeezing Steward” as time runs out for the embattled health system to meet its April 30 payment deadline and avoid bankruptcy.
- Sens. Elizabeth Warren and Edward Markey warned that a Steward bankruptcy and further closures of Massachusetts hospitals would be devastating for patients.
- The private credit firms — Sound Point Capital Management, Oaktree Capital Management, WhiteHawk Capital Partners, Owl Creek Asset Management, MidOcean Credit Partners and Brigade...
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