Hospital operator files for bankruptcy
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Embattled hospital operator Steward Health Care files for bankruptcy
The company had faced increasing financial peril in recent months, prompting heightened scrutiny from state and federal officials in Massachusetts.
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Steward Health Care, operator of 8 Mass. hospitals, files for bankruptcy
The company's statement emphasized that hospitals, medical centers and physician's offices will remain open during the bankruptcy process.
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Steward Health, Nation’s Largest Physician-Owned Hospital Operator, Files for Bankruptcy
The hospital operator is planning to seek chapter 11 protection because of rising costs, insufficient revenue and a cash crunch.