Steward Health Care to close more Massachusetts hospitals

Steward Health Care to close more Massachusetts hospitals
Modern Healthcare; by Alex Kacik; 7/26/24
Steward Health Care plans to shut down two Massachusetts hospitals next month, bringing the total number of closures in the Commonwealth this year to three. Steward, a national 31-hospital system that owns eight hospitals in Massachusetts, has been soliciting bids for its entire network and physician group in bankruptcy. The Dallas-based system filed for Chapter 11 bankruptcy protection in May, leading to a Justice Department and congressional investigation into its restructuring plans.
Publisher's note: Also see related article: Steward Health finds buyers for 2 hospitals amid Senate probe; 7/22/24; Bankrupt Steward Health said it found buyers for two of its hospitals in Arkansas and Louisiana, as the nation’s largest for-profit health system braces for a bipartisan Senate investigation into its financial woes.