Hospital operator Steward Health Care files for bankruptcy protection
Hospital operator Steward Health Care has filed for bankruptcy protection, but pledged to maintain the eight hospitals it operates in Massachusetts
BOSTON — Hospital operator Steward Health Care filed for bankruptcy protection early Monday morning, but pledged to maintain the eight hospitals it operates in Massachusetts.
In a press release, company officials said Steward took the step as a necessary measure to allow the company to continue to provide needed care to its patients.
“Steward does not expect any interruptions in its day-to-day operations, which will continue in the ordinary course throughout the Chapter 11 process,” the company said in a written statement. “Steward’s hospitals, medical centers and physician’s offices are open and continuing to serve patients and the broader community and our commitment to our employees will not change.”
The Dallas-based company operates more than 30 hospitals nationwide. Steward’s eight hospitals in Massachusetts including St. Elizabeth’s Hospital and Carney Hospital, both in Boston. It filed for protection in the U.S. Bankruptcy Court for the Southern District of Texas.
Steward’s troubles in Massachusetts have drawn the ire of top political figures including U.S. Sens. Elizabeth Warren and Edward Markey, who have said the company's previous private equity owners “sold (Steward) for parts” and “walked away with hundreds of millions of dollars.”
Massachusetts Gov. Maura Healey said Monday that the state had been preparing for a possible bankruptcy filing and has established a call center for anyone with questions. She said despite the filing, Steward hospitals will remain open and patients should continue to keep their appointments.
Healey was particularly critical of
Read more on abcnews.go.com
