BOSTON (AP) — A group of Democratic members of Congress, led by Sen. Edward Markey of Massachusetts, is seeking reassurances that workers at hospitals owned by Steward Health Care will have their health care and retirement benefits protected. Steward last month said it plans to sell off all its hospitals after announcing that it filed […]
It was news that many Medical Properties Trust (NYSE: MPW) investors may have been expecting: Steward Health is filing for bankruptcy protection. That development broke last week, but for years now, Steward Health has been one of the most concerning tenants in the real estate investment trust’s portfolio. Things are finally coming to a head […]
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston. Steward, which filed for bankruptcy […]
By Dietrich Knauth NEW YORK, May 7 (Reuters) – Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston. Steward, which filed […]
By Dietrich Knauth NEW YORK (Reuters) -Steward Health Care, which operates 31 hospitals in eight U.S. states, filed for Chapter 11 bankruptcy in Texas on Monday, aiming to secure a new loan from its landlord Medical Properties Trust. Steward, the largest private physician-owned for-profit healthcare network in the U.S., said it would continue serving patients […]
US Healthcare Landlord Medical Properties Trust’s Largest Tenant Steward Health Goes Bankrupt, Sparks Regulatory Concerns Medical Properties Trust Inc’s (NYSE:MPW) tenant Steward Health Care plunged into Chapter 11 bankruptcy, posing significant financial risks for hospitals across eight states. State regulators, alarmed by the precarious situation, have intensified scrutiny over the Steward Health Care System. With a network of […]
(Bloomberg) — Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc. Most Read from Bloomberg The Massachusetts-based firm sought Chapter 11 protection in the Southern District Court of Texas and listed assets and liabilities of $1 billion to $10 billion. The bankruptcy […]
Congressional lawmakers are meeting in Boston on Wednesday to discuss the troubled financial status of Steward Health Care, but one person will be absent from that testimony — Steward’s CEO. According to Mass. Sen. Ed Markey, Steward isn’t even sending any of its executives to testify at the State House on Beacon Hill. Markey says […]
ASHEVILLE – Heath White, founder and owner of Zen Tubing, one of the biggest names in outdoor recreation in Western North Carolina, died Dec. 11 from heart transplant complications two weeks after surgery. He was 54. White and his wife and business partner, Jennifer “Jen” Ditzler, were the forces behind Asheville’s first tubing outfitter. Ditzler, […]