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Steward secures financing to keep hospitals open during bankruptcy

Posted on AllSides June 11th, 2024
From The Center

Steward Health Care said Tuesday it has secured $225 million in additional funding to continue operating through Chapter 11 bankruptcy. The company said it would seek approval for the financing deal in U.S. Bankruptcy Court in Houston later this week. Dallas-based Steward operates more than 30 hospitals in eight states, including Massachusetts. It filed for bankruptcy protection last month and is seeking to sell all its hospitals and its network of physicians. Steward entered bankruptcy with $75 million in debtor-in-possession financing from Medical Properties Trust, the real estate firm that...

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