Healthcare provider Steward Health Care files for bankruptcy – Find out why!
Boston, Massachusetts – Steward Health Care, a struggling healthcare provider riddled with financial issues, including debt amounting to millions of dollars, has decided to file for bankruptcy. The company, which owns 30 hospitals across eight states, including nine in Massachusetts, made this announcement on Monday, initiating a Chapter 11 restructuring process in the Southern District of Texas. Steward’s financial crisis has raised concerns about patient safety, with reports revealing how private equity investors have drained …