Steward Health Care Faces Bankruptcy Challenges, Plans to Sell Hospitals

Amid financial turmoil, Steward Health Care seeks bankruptcy protection and initiates the sale of over 30 hospitals nationwide.

Steward Health Care, grappling with financial woes, has filed for bankruptcy and received a court-approved $75 million loan.
The company is under pressure to sell its Massachusetts hospitals by late June to meet loan conditions.
Massachusetts Attorney General pushes for a Patient Care Ombudsman to oversee the bankruptcy process.
Local hospitals brace for patient influx as Steward's facilities face uncertain futures.
Steward owes more than $9 billion to creditors, including substantial rent payments to Medical Properties Trust.