A day after declaring bankruptcy, lawyers from Dallas-based Steward Health Care outlined a plan in which the embattled system would sell off its sole Louisiana property, Glenwood Regional Medical Center in West Monroe, by the end of June. The financial troubles of Steward, a for-profit, private equity-backed company that owns 31 hospitals in eight states, trickled down to Louisiana after it acquired Glenwood in 2017. Over the last several months, state inspectors have documented repeated staffing and supply issues at the 278-bed facility, now restricted to 90 beds. Lawmakers have...

WE’RE HERE AT SAINT ELIZABETH’S IN BRIGHTON. WE CAN TELL YOU THAT STEWARD MADE THIS FILING, THIS BANKRUPTCY FILING IN THE MIDDLE OF THE NIGHT. THE STATE SAYS IT HAS BEEN EXPECTING SOMETHING LIKE THIS WOULD HAPPEN FROM STEWART. BUT STILL, WORKERS AND PATIENTS, THEY’RE CONCERNED ABOUT WHAT’S NEXT. BUT WORKERS WORRY NOW THAT STEWART HEALTH CARE HAS FILED FOR BANKRUPTCY. THEY SAY THE STATE CAN’T AFFORD TO HAVE MORE HOSPITALS SHUT DOWN. PEOPLE WILL DIE. WHAT A BEAUTIFUL STATE. TOWNS AND OUR HOSPITAL SYSTEM. AND YOU’RE ONE OF THE...

Steward Health Care, the troubled operator of eight hospitals in Massachusetts, filed for Chapter 11 bankruptcy protection early Monday. The for-profit, private equity-backed hospital group's troubles exploded into view this year with the revelation that it owed about $50 million in unpaid rent.

DALLAS, TX – Today, Steward Health Care (“the Company”), a national fully integrated value-based healthcare system and the largest physician-led hospital operator in the United States, announced that it has commenced an in-court restructuring process through the filing of voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.