U.S. Bankruptcy Judge Christopher Lopez granted the sale of Stewardship Health to Nashville, Tenn.-based Rural Healthcare Group, part of private equity firm Kinderhook Industries, for $245 million in cash, according to Aug. 16 court documents. “The deal that’s on the table is the best one,” Mr. Lopez said during an Aug. 16 bankruptcy hearing. “It’s the highest and the best.” Mr. Lopez’s decision allows the proposed transaction to progress to a review by state and federal regulators for final approval.
Read the full article: ‘Best Deal on the Table’: Judge OKs Steward Physician Group Sale //
Source: https://www.beckershospitalreview.com/legal-regulatory-issues/best-deal-on-the-table-judge-oks-steward-physician-group-sale.html