Becker's Healthcare August 6, 2024
U.S. Bankruptcy Court Judge Christopher Lopez approved an emergency motion filed by Massachusetts Gov. Maura Healey’s administration to provide Dallas-based Steward Health Care with $30 million in an Aug. 6 hearing.
“[There’s] plenty of work to get done, but today is an important day to allow the hospitals to get much needed funding, and to have the certainty of receiving that funding,” Mr. Lopez said during the hearing, attended by Becker’s.
The payments, to be disbursed in two installments, are exclusively to fund operations at Steward’s Massachusetts hospitals. The first will come on or around Aug. 9 at $11.3 million. The second will be on or around Aug. 16 at $18.7 million, according to court documents.
“The payment agreement represents...
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