What are the next steps in the Steward Health bankruptcy?

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Steward Health Care News

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The troubled health care system is trying to sell off hospitals to pay off its debts, but there is a regulatory process it must follow.

was back in bankruptcy court on Monday, continuing the process of selling its 31 hospitals to pay back its debtors.

At Monday’s hearing, Judge Christopher Lopez approved a motion for next steps, breaking up Steward’s assets into two tracks with the first including all hospitals outside of Florida and much of Texas.Sign up for NECN newsletters. A representative for the Commonwealth was in the courtroom warning that any buyer would need to go through the state’s regulatory process.

Healey, House Speaker Ron Mariano and Senate President Karen Spilka have all ruled out a bailout of Steward. But their comments have also not ruled out that thesome other kind of assistance to make the transition from Steward to other operators a smooth one.

 

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