Hospital operator Steward Health Care files for bankruptcy protection

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Steward Health Care News

Maura Healey,Massachusetts,Bankruptcy Filing

BOSTON (AP) — Hospital operator Steward Health Care filed for bankruptcy protection early Monday morning, but pledged to maintain the eight hospitals it...

BOSTON — Hospital operator Steward Health Care filed for bankruptcy protection early Monday morning, but pledged to maintain the eight hospitals it operates in Massachusetts.

Massachusetts Gov. Maura Healey said Monday that the state had been preparing for a possible bankruptcy filing and has established a call center for anyone with questions. She said despite the filing, Steward hospitals will remain open and patients should continue to keep their appointments. “In the past several months we have secured bridge financing and progressed the sale of our Stewardship Health business in order to help stabilize operations at all of our hospitals. With the delay in closing of the Stewardship Health transaction, Steward was forced to seek alternative methods of bridging its operations,” he added.

“I also want to make it crystal clear that I take very seriously any effort for this hospital system to make a profit to the detriment of patients, to strip-mine hospitals for their value,” Campbell said.The move came as Healey said state monitors were keeping an eye on the health care facilities operated by Steward Health Care in Massachusetts, including hospitals in some of the state’s poorer communities.

 

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