Overview

• 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.