opinions

Steward Health Care says it is selling the 30+ hospitals it operates nationwide

Font size+Author:Worldly Whispers news portalSource:business2024-05-09 10:07:58I want to comment(0)

Steward Health Care said it plans to sell off all its hospitals after announcing this week that it f

Steward Health Care said it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection.

The Dallas-based company, which operates more than 30 hospitals nationwide, said it does not expect any interruptions in its hospitals’ day-to-day operations, which the company said will continue in the ordinary course throughout the Chapter 11 process.

In court filings, the company said that beginning in late January, Steward initiated what it described as a “phased marketing process” for the sale of its hospital facilities.

“Presently, the company is marketing all of its hospitals,” the company said a filing Tuesday.

Steward filed for bankruptcy protection early Monday. In a news release, company officials said Steward took the step to let it continue to provide needed care to patients.

“Steward’s hospitals, medical centers and physician’s offices are open and continuing to serve patients and the broader community and our commitment to our employees will not change,” the company said in a written statement.

Related articles
  • Father's grief after boy, 14, with 'no concept of danger' is found dead in river after vanishing

    Father's grief after boy, 14, with 'no concept of danger' is found dead in river after vanishing

    2024-05-09 09:58

  • Xander Bogaerts has season

    Xander Bogaerts has season

    2024-05-09 09:28

  • Fire burns a restaurant and hotel in eastern India, killing 6 and injuring 20

    Fire burns a restaurant and hotel in eastern India, killing 6 and injuring 20

    2024-05-09 08:13

  • FIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm Aramco

    FIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm Aramco

    2024-05-09 07:36

Netizen comments