Steward Health Care is on the clock. The Dallas-based healthcare network has until the end of the month to prove to lenders it has the cash on hand to begin repaying its significant debts — or it could face bankruptcy proceedings. Demonstrating solvency could be a tall order because the health system owes a lot of parties a significant amount of money, according to analysts familiar with the system. Should Steward fail, it would be one of the largest provider bankruptcies in decades, said Laura Coordes, professor of law at the Sandra Day O’Connor College of Law at Arizona State University.
Read the full article: Steward Bankruptcy Likely as Massive Debt Remains, with Few Options Left //
Source: https://www.healthcaredive.com/news/steward-health-care-bankruptcy-risk/712899/