Steward Health Care System LLC

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Case overview

Case Number:

4:24-bk-90213

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

August 22, 2024
Pennsylvania Hospital Gets 1 Week Reprieve In Steward Ch. 11

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
Steward Health, Landlord Spar Over Ch. 11 Hospital Sales

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
Steward Health Gets OK For $245M Sale Of Doctor Network

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
Byju's Ex-Exec Fined, Giuliani Case Over, Ebix Gets Plan OK

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
Steward Health Care Gets OK To Close 2 Mass. Hospitals

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
Mass. Says $30M Funding For Steward Will Fund Quick Sales

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
J&J Ch. 11 Tossed, Steward Gets Subpoena, Zachry Settles

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 Finds Buyers For 2 Hospitals

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.
July 03, 2024
Steward Health Downfall Prompts Calls For Tighter Regs

The magnitude of the financial troubles plaguing bankrupt hospital operator Steward Health Care has turned the Chapter 11 case into a flash point that should prompt a regulatory overhaul, according to a new report released by advocacy group Private Equity Stakeholder Project.
June 13, 2024
Steward Health To Mediate Sale Disputes, Tap New $225M DIP

A Texas bankruptcy judge on Thursday ordered Steward Health Care to engage in mediation with its main landlord and other parties to attempt to resolve disputes over how to allocate proceeds from the sales of Steward's hospitals, shortly after the judge gave initial approval to $225 million in bankruptcy financing the company said it desperately needed.