Steward Health Care System LLC

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Case Number:

4:24-bk-90213

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

January 24, 2025
Watchdog Flags Steward's Bid To Add Latham To Ch. 11 Case

Steward Health Care can't hire Latham & Watkins as the second law firm in its Chapter 11 case, the Office of the U.S. Trustee has told a Texas bankruptcy judge, saying it would add to a growing list of administrative claims that could get in the way of confirming a reorganization plan.
December 18, 2024
Steward Health Docs Say $60M Comp Plan Off-Limits

Four doctors participating in a Steward Health deferred compensation plan have asked a Texas bankruptcy judge to keep $60 million worth of assets from the plan's trust separate from the hospital operator's Chapter 11 estate, arguing that the burden is on the debtor to prove the plan trust is exempt from Employee Retirement Income Security Act protections.
December 09, 2024
NY Diocese Plan Confirmed, Bankruptcy Bills Reintroduced

A diocese covering 132 Roman Catholic parishes on New York's Long Island has secured confirmation of its Chapter 11 plan in a case it started four years ago. An Oregon federal judge has ruled that memos tied to an ethics scandal in the Southern District of Texas' bankruptcy court aren't shielded by attorney-client privilege. And members of the U.S. Senate have renewed legislation to ban the controversial "Texas two-step" bankruptcy maneuver and add protections for rank-and-file workers impacted by corporate insolvencies.
December 06, 2024
Under The Radar: Bankruptcy News You May Have Missed

A Texas oil and gas driller is seeking permission to sell its oilfields, while the U.S. Trustee's Office is looking to shut another oil producer's yearslong Chapter 11 down, and creditors of a bankrupt medical implant maker are alleging the debtor's bankruptcy financing and sale plans are a way for its private equity sponsor to weasel out of product liability claims.
December 04, 2024
Pa. Gets More Time To Find Funds For Steward Hospital

The Commonwealth of Pennsylvania has until Monday, Dec. 9, to secure additional funding to cover a hospital's operating losses as it seeks to negotiate a sale from bankrupt hospital operator Steward Healthcare to Meadville Medical Center, a neighboring community hospital.
November 13, 2024
Judge Nixes Tort Committee Bid In Steward Health Chapter 11

A Texas bankruptcy judge on Wednesday shot down a request to form an official committee for tort claimants in the Chapter 11 of hospital operator Steward Health Care, saying there was no evidence that the unsecured creditors committee wasn't adequately representing the interests of medical malpractice creditors.
November 05, 2024
Steward Gets OK For Contract Transition Deal In Ch. 11

A Texas bankruptcy judge on Tuesday approved a transition deal between Steward Health Care System and a government health service contractor that canceled its contract with the embattled hospital chain just before it filed for Chapter 11.
November 01, 2024
Under The Radar: Bankruptcy News You May Have Missed

Rudy Giuliani was recently accused of ignoring subpoenas as two former election workers tried to collect on a $148 million defamation judgment, Steward Health Care creditors have opposed the formation of a tort claimants committee and Chinese exile Miles Guo's $26.5 million New Jersey mansion can be sold in Chapter 11.
October 28, 2024
Ex-Judge Can't Shield Bank Docs; Tupperware Agrees To Sale

Former Bankruptcy Judge David R. Jones lost a bid to shield his banking records from a U.S. Trustee's Office probe into his undisclosed romantic relationship with a onetime Jackson Walker LLP partner.
October 25, 2024
Steward Gets OK For 7 More Hospital Sales

A Texas bankruptcy judge said he would approve the sale of seven more of Steward Health Care's hospitals to affiliates of California-based Healthcare Systems of America, including five in Florida and two in Texas.

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