Steward Health approved to sell six Massachusetts hospitals owing to bankruptcy
Steward Health Care has received approval from a bankruptcy judge to sell six Massachusetts hospitals for $343 million. This move aims to limit financial losses and minimize patient disruption. The proceeds will be used to acquire hospital real estate owned by Medical Properties Trust and Macquarie. Steward had earlier filed for bankruptcy protection due to significant debt.
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Steward Health Care has received approval from a bankruptcy judge to sell six Massachusetts hospitals for $343 million. This move aims to limit financial losses and minimize patient disruption. The proceeds will be used to acquire hospital real estate owned by Medical Properties Trust and Macquarie. Steward had earlier filed for bankruptcy protection due to significant debt. 
