Steward delays sale hearing for a fifth time
Steward Health Care has pushed back a hearing over the fate of its Massachusetts hospitals for a fifth time.
According to overnight court filings, now-bankrupt Steward’s Friday hearing to discuss the sale of several Bay State hospitals will now be held next Thursday.
“Pursuant to the Bidding Procedures Order, the Sale Hearing for the Debtors’ Hospitals in Arkansas, Louisiana, and Massachusetts, previously scheduled for August 16, 2024 at 10:00 a.m. (Central Time), is hereby adjourned to August 22, 2024 at 1:00 p.m. (Central Time),” Steward’s attorney’s said in court documents.
Steward, which filed for Chapter 11 protections in May, is attempting to transfer ownership of six Bay State hospitals — Saint Elizabeth’s Medical Center, Saint Anne’s Hospital, Good Samaritan Medical Center, Holy Family Hospital – Haverhill, Holy Family Hospital – Methuen, and Morton Hospital — to new owners.
The identity of any potential new operators has not been revealed, nor have the terms of the sales agreements been made available to the public. Two of the company’s hospitals, Carney Hospital and Nashoba Valley Medical Center, did not receive offers and will instead close at the end of August.
This is a developing story and it will be updated.
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