Reported about 1 month ago
Steward Health Care, the largest private hospital operator in the U.S., has received court approval to sell six hospitals in Massachusetts for $343 million, despite incurring no profit from the sale. U.S. Bankruptcy Judge Christopher Lopez described the deal as the best option available to help minimize losses for the company, which is burdened by $9 billion in debt. The sale includes acquisitions by Lifespan Health System, Boston Medical Center, and Lawrence General Hospital, with Massachusetts providing financial support as part of the agreement.
Source: YAHOO