Massachusetts policymakers hope Steward Health Care’s Chapter 11 bankruptcy reorganization will expedite its exit from the state. Steward Health Care filed for Chapter 11 Monday, a move some industry observers expected as the for-profit hospital chain’s outstanding rent and vendor payments piled up. State lawmakers in Massachusetts and elsewhere have worked to pass laws aimed at preventing a financial spiral akin to Steward. Here’s what to know about Steward and the bankruptcy filing.
Read the full article: Steward Health Is Bankrupt. Now What? //
Source: https://www.modernhealthcare.com/providers/steward-health-care-bankruptcy-massachusetts