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Benzinga
  • 2 years ago
Steward Health Care, the largest private hospital chain in the US, filed for Chapter 11 bankruptcy protection on Monday after struggling with $9 billion in debt. The company operates 31 hospitals across 8 states, caring for over 2.2 million patients annually. Steward hopes new ownership can be found without closing hospitals to ensure continued services for affected communities. The bankruptcy filing comes after months of financial instability, including vendor payment delays, temporary nurses leaving their jobs, and infestations.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Steward HealthCare, the largest private hospital chain in the U.S.,
00:05 filed for Chapter 11 bankruptcy protection on Monday after struggling with $9 billion in debt.
00:11 The company operates 31 hospitals across eight states,
00:14 providing care for over 2.2 million patients annually.
00:18 Steward hopes new ownership can be found without closing any hospitals
00:21 to ensure continued services for affected communities.
00:24 The bankruptcy filing comes after months of financial instability,
00:28 including vendor payment delays, temporary nurses leaving their jobs, and infestations.
00:32 For all things money, visit Benzinga.com.
00:35 [BLANK_AUDIO]
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