Steward Health Care indefinitely delayed the sale proceedings for some of its hospitals as the system continues to push back the sale timeline for its various assets. Steward, which filed for Chapter 11 bankruptcy protection in May, said in a Tuesday court filing it indefinitely postponed the planned July 11 sale hearing for its five hospitals in Arkansas, Louisiana, Ohio and Pennsylvania. Bids for those facilities were due June 24. Steward hasn’t delayed sale proceedings for its eight hospitals in Florida and four in Texas. The bid deadline for those assets is still Aug. 12.
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Source: https://www.modernhealthcare.com/mergers-acquisitions/steward-health-care-delay-hospital-sales-bankruptcy