As a healthcare company struggling to make ends meet, Steward Health Care sought bankruptcy protection. The company’s complex structure is headed by Steward Health Care Holdings LLC, which owns eight hospitals in Massachusetts. Among these hospitals are Good Samaritan Medical Center in Brockton, Morton in Taunton, and Saint Anne’s in Fall River.
Steward is heavily indebted to over 100,000 creditors with varying amounts owed. Its largest unsecured claim is $71 million owed to Change Healthcare, a healthcare technology company owned by Optum. Additionally, the Internal Revenue Service holds a claim of $28 million against Steward, including CARES Act-related debt. Medical device providers like Philips North America are also owed significant amounts by the company.
Local businesses such as Boston Scientific and ProMedical have substantial claims against Steward for repayment. Boston Scientific’s claim is for $5.4 million while ProMedical’s claim is for $5.2 million. Steward has disclosed its debts to fall between $1 billion and $10 billion, with assets within the same range.
The bankruptcy filing for Steward Health Care Holdings LLC can be found below:
For news tips or questions on this topic, please contact reporter Chris Helms at [CHelms@enterprisenews
