HealthExec May 21, 2024
After filing for Chapter 11 bankruptcy earlier this month, Steward Health Care is looking for a buyer for all 31 of its hospitals and physician practices across eight states.
In updated filings submitted to the U.S. Bankruptcy Court for the Southern District of Texas, Steward has set a bidding deadline for potential buyers of June 24, with an auction to take place on June 27.
The new emergency motion comes after a May 6 statement where Steward said it was working to finalize a restructuring deal, one that would allow for an influx of funds from its landlord, Medical Properties Trust. An additional $225 million was said to be possible if Steward was able to meet certain benchmarks.
Now it...
Today's Sponsors
Today's Sponsor