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Steward Health Care announced Friday that is it closing two hospitals in Massachusetts because it received no qualified bids for the facilities after declaring bankruptcy earlier this year. In a ...
The Steward Health Care System. The Steward Health Care System (SHCS) is a private, for-profit company that operates more than 30 hospitals in nine states, including 25 urgent care centers and 107 ...
St. Elizabeth's Medical Center in Brighton, MA, which served as Steward's flagship hospital until it was sold in 2024 [19]. Steward Health Care was founded in 2010, when Caritas Christi Health Care was sold to New York private equity firm Cerberus Capital Management, with Caritas CEO and former Beth Israel Deaconess Medical Center heart surgeon Ralph de la Torre continuing as CEO of the new ...
Steward Health Care declared bankruptcy in May and is in the process of selling or closing its eight hospitals. Lifespan to take control of Saint Anne's, Morton hospitals amid Steward bankruptcy ...
The $30 million is also contingent on Steward hitting milestones and cannot be used for rental payments, debt service or management fees. The company’s hospitals are scattered across eight states. A Senate committee voted last week to authorize an investigation into Steward’s bankruptcy and to subpoena de la Torre. The subpoena would compel ...
Monday was scheduled to be the last day at the helm for Dr. Ralph de la Torre at the top of bankrupt Steward Health Care. ... the six hospitals before the new owners assume control. "Bankruptcy is ...
Steward, which reportedly has more than $1 billion in debt, filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code, which lets businesses reorganize their debt while ...
6 jaw-dropping revelations Stunning takeaways from Steward Health Care's bankruptcy filing. Steward also said the move will make it easier to transition its Massachusetts hospitals to another company.