September 03, 2024
Bankrupt hospital operator Steward Health Care has asked a Texas bankruptcy judge to let the Commonwealth of Massachusetts pay $42 million to fund the operation of six hospitals in the Bay State that the debtor hopes to sell by the end of the month.
August 30, 2024
Bankrupt hospital operator Steward Health Care System has a tentative agreement that would eliminate over $6 billion of claims against it, keep the majority of its 31 hospitals operating while saving three from potential closure and set it on a path to confirm a Chapter 11 plan, attorneys told a Texas bankruptcy judge Friday.
August 22, 2024
A Texas bankruptcy judge on Thursday approved an order setting general closing procedures for bankrupt hospital operator Steward Health Care, but gave Pennsylvania authorities a week's reprieve as they try to arrange a hospital sale.
August 20, 2024
Bankrupt hospital operator Steward Health Care has filed an adversary suit against the landlord for 30 of its hospitals, Medical Properties Trust, saying the landlord is throwing a wrench in the sale process for the facilities and trying to hoover up all the proceeds.
August 16, 2024
A Texas bankruptcy judge on Friday gave bankrupt hospital operator Steward Health Care the go-ahead to sell its physician network to an affiliate of private equity firm Kinderhook Capital for $245 million.
August 05, 2024
A former executive of a subsidiary of Indian tech giant Byju's is facing $10,000 a day in contempt fines, ex-New York City mayor Rudy Giuliani's bankruptcy case is over, and insurance software company Ebix got approval for its Chapter 11 plan. This was the week in bankruptcy.
July 31, 2024
A Texas bankruptcy judge Wednesday approved the closure of two Massachusetts hospitals owned by Steward Health Care after the debtor said that it was unable to find buyers for them.
July 30, 2024
The Commonwealth of Massachusetts has told a Texas bankruptcy judge that its agreement to pay $30 million to debtor Steward Health Care is designed to help fund operations at the debtor's struggling hospitals while sales are pursued.
July 29, 2024
The Third Circuit threw out Johnson & Johnson's second attempt to use bankruptcy to deal with mass talc litigation, Red Lobster won court approval to solicit votes on its Chapter 11 plan, and a Senate committee voted to approve an investigation into bankrupt Steward Health Care and subpoena its chief executive officer. This is the week in bankruptcy.
July 22, 2024
Steward Health Care has told a Delaware bankruptcy judge it has found buyers for two of the facilities in its first round of hospital sales in its Chapter 11 case, but three others had attracted no qualified bids.