Steward Health Care to File for Bankruptcy as Soon as Sunday
Steward Health Care System, the largest U.S. physician-owned hospital operator, is planning to file for chapter 11 protection as soon as Sunday, people familiar with the matter said, marking one of the biggest hospital bankruptcies in decades.
Steward Health Care files for Chapter 11 bankruptcy
Steward Health Care, the struggling hospital group that owns nine facilities in Massachusetts, announced Monday that it is filing for bankruptcy.Steward, which is millions of dollars in debt, said it has "commenced an in-court restructuring process through the filing of voluntary petitions for relief" under Chapter 11 of the U.
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Data shows that it's likely only a matter of time before all 3 companies are forced to seek bankruptcy protection.
The future of the Steward Health Care hospitals currently operating in Massachusetts may be in doubt and bankruptcy a real ...
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