Steward Health Care says it is selling the 30+ hospitals it operates nationwide
Steward Health Care says it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection
Steward Health Care said it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection.
The Dallas-based company, which operates more than 30 hospitals nationwide, said it does not expect any interruptions in its hospitals’ day-to-day operations, which the company said will continue in the ordinary course throughout the Chapter 11 process.
In court filings, the company said that beginning in late January, Steward initiated what it described as a “phased marketing process” for the sale of its hospital facilities.
“Presently, the company is marketing all of its hospitals,” the company said a filing Tuesday.
Steward filed for bankruptcy protection early Monday. In a news release, company officials said Steward took the step to let it continue to provide needed care to patients.
“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 company said in a written statement.
Steward’s eight hospitals in Massachusetts include 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.
Massachusetts Attorney General Andrea Campbell said Wednesday that she is pushing for the creation of a Patient Care Ombudsman to advocate for patients and employees throughout the bankruptcy process. She also said she has the authority to review any proposed sale under her office's antitrust powers.
“The office has authority to review any proposed sale, and
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