Steward Health Care, a Massachusetts-based company that operates 8 hospitals, has filed for bankruptcy. Despite this news, the company has assured that there will be no disruptions in day-to-day operations and all hospitals, medical centers, and physician’s offices will remain open to serve patients. Dr. Ralph de la Torre, the CEO of Steward Health Care, stated that the decision to file for Chapter 11 restructuring was made in the best interest of patients, physicians, employees and communities.
The company has been facing financial struggles for some time now, which has raised concerns among state leaders. Steward Health Care has made efforts to navigate a challenging healthcare environment but ultimately had to make the difficult decision to file for bankruptcy. This is a developing story and updates will be provided by 7NEWS on-air and online. Stay tuned for more information as this story unfolds.
