Three days before it was set to run out of money, bankrupt Steward Health Care said Tuesday it has secured commitments for a ...
The financing agreement reportedly came three days before Steward was set to run out of money and should keep its 31 ...
Judges can appoint trustees for “fraud, dishonesty, incompetence or gross mismanagement." Warren says those conditions seem ...
Steward Health Care said Tuesday it will seek court approval for a deal worth $225 million in additional financing to help ...
Steward Health Care says it secured $225 million in funding to stay open through its bankruptcy. Why it matters: The ...
A federal judge Monday ordered Steward Health Care to sell its Massachusetts hospitals at auction by the end of the month, ...
A sale-leaseback that doomed many other businesses preceded the bankruptcy of the local health system.
The latest financing, provided by a consortium of Steward’s secured FILO lenders, is critical for the company’s continuity.
Steward Health Care expects it will have “only approximately $20 million in cash on hand” by the end of the week, an executive said in<a class="excerpt-read-more" href=" More ...
Steward entered its Chapter 11 restructuring process last month with $75 million in DIP financing from its landlord, Medical Properties Trust. However, when MPT declined to provide further funds ...
The company filed for bankruptcy protection in Texas in May and plans to sell off all of its hospitals. Bids for most of the ...
Sen. Elizabeth Warren introduced a bill to criminalize "exploitative" private equity in healthcare. It would also add more ...