Steward Health Care, the largest US physician-led hospital operator, files for Chapter 11 bankruptcy, finalizing a $75M deal.
Steward Health Care, the largest physician-led hospital operator in the U.S., has filed for bankruptcy and is finalizing a $75 million bankruptcy deal. The company, which operates 32 hospitals, including eight in Massachusetts, has commenced an in-court restructuring process through the filing of voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Steward Health Care expects no interruptions in day-to-day operations during the restructuring process, which will continue under court supervision.
May 06, 2024
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