Steward closing in on deals to sell 5 Mass. hospitals

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Steward closing in on deals to sell 5 Mass. hospitals
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An attorney for Steward Health Care said Tuesday that the company has made"significant progress" on deals to sell five Massachusetts hospitals, which would allow them to remain open under new operators.

Steward did not name the potential buyers. But its attorney, David Cohen, said at a federal bankruptcy court hearing in Texas that they are all"local" and"high-quality." He said the company is also close to a deal to sell its physicians network, Stewardship Health.within weeks after Steward, a national, for-profit hospital chain, said it received no"qualified" bids to acquire them.

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