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Boston 25 News WFXT
Steward Health Care to sell all its hospitals as it files for bankruptcy
By Debbie Lord, Cox Media Group National Content Desk,
10 days ago
Steward Health Care System, the largest private, for-profit health system in the U.S., announced this week that it is filing for bankruptcy protection and plans to sell its 31 hospitals, according to The Dallas Morning News.
According to the Dallas-based company, it does not expect the sale will interrupt its hospitals’ normal operations, Boston 25 News reported . The company filed for Chapter 11 bankruptcy protection on Monday, and in a news release stressed its facilities will remain open and care will continue.
“Steward’s hospitals, medical centers and physician’s offices are open and continuing to serve patients and the broader community and our commitment to our employees will not change,” the company said in a written statement.
The company said it began a “phased marketing process” in January to facilitate the sale of all of its hospitals. The company announced in March that it would sell its nationwide physician network to Optum, a subsidiary of UnitedHealth Group.
Steward operates 31 hospitals in eight states. Here are the 31 hospitals, according to the health system’s website :
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