Steward Health Care, a major healthcare provider in Massachusetts, filed for bankruptcy protection. This move led to a series of legal filings that shed light on the company’s operations. At the top of Steward’s complex structure is Steward Health Care Holdings LLC, which owns eight hospitals in the state. These include Good Samaritan Medical Center in Brockton, Morton in Taunton, and Saint Anne’s in Fall River.
Steward is deeply indebted to over 100,000 creditors with varying amounts owed. The largest single unsecured claim in the bankruptcy filing is $71 million owed to Change Healthcare, a healthcare technology company owned by Optum. In addition to this, Steward has unsecured debts of $28 million owed to the Internal Revenue Service, including CARES Act-related debt. Medical device providers such as Philips North America are also owed significant amounts by the company.
Local businesses like Boston Scientific and ProMedical are among those seeking repayment, with substantial claims of $5.4 million and $5.2 million respectively. Steward has disclosed its debts to be between $1 billion and $10 billion, with assets falling within the same range. The bankruptcy filing for Steward Health Care Holdings LLC can be found below for reference:
