* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Hospital operator Steward Health Care files for bankruptcy protection

May 6, 2024
in General
Hospital operator Steward Health Care files for bankruptcy protection
Share on FacebookShare on Twitter

BOSTON — Hospital operator Steward Health Care filed for bankruptcy protection early Monday morning, but pledged to maintain the eight hospitals it operates in Massachusetts.

In a press release, company officials said Steward took the step as a necessary measure to allow the company to continue to provide needed care to its patients.

“Steward does not expect any interruptions in its day-to-day operations, which will continue in the ordinary course throughout the Chapter 11 process,” the company said in a written statement. “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 Dallas-based company operates more than 30 hospitals nationwide. Steward’s eight hospitals in Massachusetts including St. Elizabeth’s Hospital and Carney Hospital, both in Boston. It filed for protection in the U.S. Bankruptcy Court for the Southern District of Texas.

Steward’s troubles in Massachusetts have drawn the ire of top political figures including U.S. Sens. Elizabeth Warren and Edward Markey, who have said the company’s previous private equity owners “sold (Steward) for parts” and “walked away with hundreds of millions of dollars.”

Massachusetts Gov. Maura Healey said Monday that the state had been preparing for a possible bankruptcy filing and has established a call center for anyone with questions. She said despite the filing, Steward hospitals will remain open and patients should continue to keep their appointments.

Healey was particularly critical of Steward’s management of the hospitals, which she said led to the crisis.

“This situation stems from and is rooted in greed, mismanagement and lack of transparency on the part of Steward leadership in Dallas, Texas,” Healey said at a Monday press conference. “It’s a situation that should never have happened and we’ll be working together to take steps to make sure this never happens again.”

Steward said it is finalizing the terms of “debtor-in-possession financing” from its landlord Medical Properties Trust for initial funding of $75 million and “up to an additional $225 million upon the satisfaction of certain conditions.”

“Steward Health Care has done everything in its power to operate successfully in a highly challenging health care environment. Filing for Chapter 11 restructuring is in the best interests of our patients, physicians, employees, and communities at this time,” Dr. Ralph de la Torre, CEO of Steward said in a press release.

“In the past several months we have secured bridge financing and progressed the sale of our Stewardship Health business in order to help stabilize operations at all of our hospitals. With the delay in closing of the Stewardship Health transaction, Steward was forced to seek alternative methods of bridging its operations,” he added.

He also pointed to what he described as insufficient reimbursement by government payers as a result of decreasing reimbursement rates at a time of skyrocketing costs.

Torre said that by seeking bankruptcy protections, Steward will be better positioned to “responsibly transition ownership of its Massachusetts-based hospitals, keep all of its hospitals open to treat patients, and ensure the continued care and service of our patients and our communities.”

Massachusetts Attorney General Andrea Campbell said Monday that the bankruptcy doesn’t allow Steward to “immediately shut its doors and leave town.” She said her office will advocate on behalf of patients and workers throughout the bankruptcy proceedings.

“I also want to make it crystal clear that I take very seriously any effort for this hospital system to make a profit to the detriment of patients, to strip-mine hospitals for their value,” Campbell said.

In March, the company announced it had struck a deal to sell its nationwide physician network to Optum, a subsidiary of UnitedHealth Group, as it works to stabilize its finances.

The move came as Healey said state monitors were keeping an eye on the health care facilities operated by Steward Health Care in Massachusetts, including hospitals in some of the state’s poorer communities.

Massachusetts Democratic Senate President Karen Spilka, said Monday that her “immediate concern remains the quality and continuity of care for the thousands of patients within the Steward system.”

Democratic House Speaker Ronald Mariano said the House will take up comprehensive legislation next week to address gaps in the state’s regulatory process exploited by Steward.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : ABC News – https://abcnews.go.com/Business/wireStory/hospital-operator-steward-health-care-files-bankruptcy-protection-109957656

Previous Post

Stock market today: Wall Street rises to add to last week’s gains

Next Post

Brad Parscale helped Trump win in 2016 using Facebook ads. Now he’s back, and an AI evangelist

Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

July 2, 2025
Diamondbacks ban fan who interfered with apparent would-be Giants HR for rest of season, citing ‘multiple offenses’ – Yahoo Sports

Diamondbacks ban fan who interfered with apparent would-be Giants HR for rest of season, citing ‘multiple offenses’ – Yahoo Sports

July 2, 2025
Late Paleolithic whale bone tools reveal human and whale ecology in the Bay of Biscay – Nature

Ancient Whale Bone Tools Reveal Secrets of Human and Whale Life in the Bay of Biscay

July 2, 2025
Exploring three theories of consciousness. – Psychology Today

Unveiling the Mysteries: Exploring Three Fascinating Theories of Consciousness

July 2, 2025
MIT student wins first-ever Stephen Hawking Junior Medal for Science Communication – MIT News

MIT student wins first-ever Stephen Hawking Junior Medal for Science Communication – MIT News

July 2, 2025
Here’s what your morning routine really says about you – New York Post

What Your Morning Routine Says About Who You Really Are

July 2, 2025
David Muir, Diane Sawyer, Charlie Gibson honor ‘World News Tonight’ stage manager – MSN

David Muir, Diane Sawyer, Charlie Gibson honor ‘World News Tonight’ stage manager – MSN

July 2, 2025
Amid Russian economy warnings, Lavrov says NATO’s increased defense spending will lead to ‘collapse’ of alliance – The Kyiv Independent

Lavrov Warns Soaring NATO Defense Budgets May Spark Alliance Collapse

July 2, 2025
Column: The new book ‘Sick and Dirty’ examines the not-so-hidden queerness of classic Hollywood – Yahoo

Uncovering the Bold Queerness of Classic Hollywood in the New Book ‘Sick and Dirty

July 2, 2025

In Good Health: Vaccines, Menopause, And Cardiovascular Disease : 1A – NPR

July 2, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (702)
  • Economy (727)
  • Entertainment (21,615)
  • General (15,670)
  • Health (9,766)
  • Lifestyle (732)
  • News (22,149)
  • People (728)
  • Politics (734)
  • Science (15,945)
  • Sports (21,225)
  • Technology (15,712)
  • World (708)

Recent News

Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

July 2, 2025
Diamondbacks ban fan who interfered with apparent would-be Giants HR for rest of season, citing ‘multiple offenses’ – Yahoo Sports

Diamondbacks ban fan who interfered with apparent would-be Giants HR for rest of season, citing ‘multiple offenses’ – Yahoo Sports

July 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version