Chief Healthcare Executive May 8, 2024
The Texas-based system operates 31 hospitals in eight states. Steward is placing all of the hospitals up for sale, attorneys said in court.
Some elected officials say they aren’t surprised that Steward Health Care has filed for bankruptcy, but they are focused on ensuring patient care.
Based in Dallas, Texas, Steward announced Monday that the for-profit system has sought bankruptcy protection in the state of Texas. Steward, which operates 31 hospitals in eight states, pointed to difficulties with reimbursements and higher costs in recent years. The system says its hospitals and medical offices will remain open.
Steward is placing all of its 31 hospitals up for sale to address $9 billion in liabilities, the system’s attorneys said in bankruptcy court...
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