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Steward Health Care, a private company based in Dallas, has announced plans to sell all of its hospitals in the U.S., including nine in Massachusetts. Following a declaration of bankruptcy, the company intends to auction off its 31 hospitals in total to help pay down its $9 billion in debt. The auctions are scheduled to take place on June 28 for hospitals outside of Florida and on July 30 for the nine Florida hospitals. Steward operates hospitals in eight states.
Despite the bankruptcy filing, both Steward and Massachusetts officials do not anticipate any disruptions in day-to-day hospital operations. Massachusetts Governor Maura Healey has launched a hotline and website for patients to address any concerns they may have related to Steward Health Care and its bankruptcy declaration.
In response to Steward’s financial troubles, Governor Healey has been vocal about issues of greed, mismanagement, and lack of transparency within the company. She aims to work with stakeholders to prevent similar situations from occurring in the future and to ensure that patients receive the care and resources they need.
Stewart’s decision to sell its hospitals marks a significant development in the healthcare industry, with implications for patients and healthcare workers in Massachusetts and other states where Steward operates.
Governor Healey has called out Steward for putting patients at risk due to unpaid bills. The hotline she launched is aimed at addressing any concerns patients may have about their care during this time of transition.
The sale of Steward’s hospitals is expected to bring much-needed relief to the company as it struggles with debt. However, it remains uncertain what will happen next for patients who rely on these facilities for their care.
It is important that stakeholders come together to ensure that patients receive the care they need during this time of uncertainty. Governor Healey has taken steps towards this goal by launching a hotline and website for patients concerned about their care.
Overall, this sale marks a significant development in the healthcare industry, with implications for patients and healthcare workers across multiple states. It remains uncertain what will happen next for Steward Health Care as it works through its financial troubles.
