Steward Health Is Bankrupt. Now What?

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.

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Source: https://www.modernhealthcare.com/providers/steward-health-care-bankruptcy-massachusetts

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