BOSTON (AP) — Steward Health Care said it has reached an agreement to sell its nationwide physicians network to a private equity firm. The deal comes as
BOSTON — Steward Health Care said it has reached an agreement to sell its nationwide physicians network to a private equity firm.
Steward said the deal, which is subject to regulators’ review, will result in strong patient and physician outcomes. “Stewardship Health will continue to serve its loyal patient following in the commonwealth of Massachusetts under new ownership,” the company said in a statement Monday. Steward and its CEO Ralph de la Torre have come under intense criticism for a series of decisions that critics — including Gov. Maura Healey — say led to the bankruptcy. Healey said she has focused on trying to save the remaining Steward hospitals, which have found qualified bidders.
Judge Christopher Lopez of the U.S. Bankruptcy Court in Houston last month approved a motion by Steward on Wednesday to toss out the master lease binding the Massachusetts hospitals..
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Steward Health Care reaches deal to sell its nationwide physicians networkSteward Health Care said it has reached an agreement to sell its nationwide physicians network to a private equity firm. The deal comes as Steward is scheduled to go before a bankruptcy court judge Friday on its plan to sell six hospitals in Massachusetts. The Dallas-based company announced its bankruptcy May 6.
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