Bankruptcy Crisis: Nation’s Largest Private Hospital Chain in Texas Seeks $300M to Stay Afloat
Dallas, Texas – After facing months of uncertainty about its future, the nation’s largest private, for-profit hospital chain, Steward Health Care, has made the decision to file for Chapter 11 bankruptcy. This move was seen as a necessary step for the company to restructure its debt under the supervision of the court while maintaining operations at its hospitals throughout the United States, including eight in Massachusetts. Steward Health Care, which operates over 30 hospitals across …