Medicalfacility operator Steward Health Care files for insolvency defense

Medicalfacility operator Steward Health Care files for insolvency defense

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BOSTON — Hospital operator Steward Health Care submitted for personalbankruptcy security early Monday earlymorning, however promised to preserve the 8 healthcenters it runs in Massachusetts.

In a press release, business authorities stated Steward took the action as a required step to enable the business to continue to offer required care to its clients.

“Steward does not anticipate any disruptions in its daily operations, which will continue in the regular course throughout the Chapter 11 procedure,” the business stated in a composed declaration. “Steward’s medicalfacilities, medical centers and doctor’s workplaces are open and continuing to serve clients and the morecomprehensive neighborhood and our dedication to our staffmembers will not modification.”

The Dallas-based business runs more than 30 healthcenters acrossthecountry. Steward’s 8 healthcarefacilities in Massachusetts consistingof St. Elizabeth’s Hospital and Carney Hospital, both in Boston. It submitted for security in the U.S. Bankruptcy Court for the Southern District of Texas.

Steward’s difficulties in Massachusetts haveactually drawn the ire of top political figures consistingof U.S. Sens. Elizabeth Warren and Edward Markey, who have stated the business’s previous personal equity owners “sold (Steward) for parts” and “walked away with hundreds of millions of dollars.”

Massachusetts Gov. Maura Healey stated Monday that the state hadactually been preparing for a possible personalbankruptcy filing and hasactually developed a call center for anybody with concerns. She stated regardlessof the submitting, Steward healthcarefacilities will stay open and clients must continue to keep their visits.

Healey was especially vital of Steward’s management of the medicalfacilities, which she stated led to the crisis.

“This scenario stems from and is rooted in greed, mismanagement and absence of openness on the part of Steward leadershi

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