Fierce Healthcare August 6, 2024
Steward Health Care has made “significant progress” on deals to sell five Massachusetts hospitals and its physician group to enable the facilities to remain open under new operators, an attorney for the health system said Tuesday.
Steward Health Care, a for-profit that runs 31 hospitals in several states, is currently working its way through bankruptcy proceedings.
The embattled health system is working to restructure and sell its hospitals, including five in the Bay State: Morton Hospital, Good Samaritan Medical Center, Holy Family Hospital, St. Elizabeth’s Medical Center and St. Anne’s Hospital.
David Cohen, with Weil, Gotshal & Manges, an attorney representing Steward Health Care, told U.S. Bankruptcy Judge Christopher Lopez that the bidders for the five Massachusetts hospitals are “high...
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