Steward Health Care, a major U.S. hospital operator, has filed for Chapter 11 bankruptcy protection without DIP or RSA. The company, which operates 30 hospitals across nine states, including eight in Massachusetts, made the filing in Texas. This move comes as Steward Health faces significant financial difficulties, exacerbated by low government reimbursement rates and rising labor costs. The bankruptcy filing was announced early Monday morning and is part of an effort to secure a new loan from its landlord, Medical Properties Trust. The situation has led to a drop in Medical Properties Trust shares by 14.0% pre-market. Governor Maura Healey and other state officials have responded to the crisis, emphasizing that the hospitals will remain operational and patient care will continue uninterrupted.
Kaboom: $MPW’s Biggest Tenant Files for Bankruptcy 💣 Outspoken REITs analyst Rob Simone @HedgeyeREITs discussed the big breaking news that Steward Health Care has filed for chapter 11 bankruptcy protection on The Call @ Hedgeye this morning. “I think it’s important to remember… https://t.co/xxn7CL4Nuo
Steward Health filed for bankruptcy after a period of mounting financial challenges and government scrutiny over the impact of its hospital closures on patients. https://t.co/mWWpwiw6Df
While the long-term fate of Steward’s facilities in Massachusetts remains unclear, state officials and company leaders emphasized that little will change in the short run and that patients should continue getting care as usual. https://t.co/aI9guhTzB7
Steward Health Care’s bankruptcy is a direct consequence of Wall Street private equity vultures looting our health care system. My first priority is keeping these Massachusetts hospitals open, protecting patients, and supporting frontline health care workers.
Owner of five hospitals in South Florida files for bankruptcy, including Palmetto Hospital and Hialeah Hospital. Will it affect you? https://t.co/efHzWbRgyd
Owner of five hospitals in South Florida files for bankruptcy. Will it affect you? https://t.co/vKYUeWPOYO
NEW: Steward Health Care, which owns hospitals across U.S. has filed for bankruptcy protection. Some South Florida hospitals it owns include Palmetto General Hospital and Coral Gables Hospital. Here’s what patients need to know via @MiamiHerald https://t.co/HmX2MvGMzk
Steward Health Care files for Chapter 11 bankruptcy https://t.co/YmqRbbitVa
Hospitals in eight states were at risk of running out of cash after their owner, Steward Health Care, filed for bankruptcy https://t.co/QM4tFobLr0 https://t.co/QM4tFobLr0
Hospitals in eight states are at risk of running out of cash after their owner, Steward Health Care, filed for bankruptcy https://t.co/xtsit0mU0P
State officials on Monday announced a website with resources for patients of Steward Health Care facilities, hours after the financially-troubled operator of eight Massachusetts hospitals announced that it has filed for bankruptcy. https://t.co/AIdjUFWPoR
Steward Health Care System filed for bankruptcy early Monday after mounting financial challenges & government scrutiny over the impact of its hospital closures on patients. Dallas-based firm is finalizing a rescue loan & listed both assets & liabilities of $1B to $10B @business
Hospital operator files for bankruptcy protection https://t.co/T1NqX6JXb4
Hospital operator Steward Health Care files for bankruptcy protection https://t.co/DmGDmenTei
WATCH: State leaders speak after Steward Health Care bankruptcy filing https://t.co/vRAJXMCRJU
A company that operates eight Florida hospitals filed for bankruptcy protection Monday, calling it a “necessary measure" to continue providing necessary care to patients without disruption. https://t.co/VVpE8Gj3cy
In a letter sent to employees on Monday, Steward Health Care CEO Ralph de la Torre blamed the embattled company’s bankruptcy on factors outside of his control, from low government reimbursement rates to rising labor costs. https://t.co/UIB8Dcl5z0
As we respond to Steward’s bankruptcy filing, the most important thing for patients to know is that their hospitals remain open and ready to care for you. I will continue working with @MassGovernor to ensure patents get the care they need and we emerge from this crisis stronger. https://t.co/gELWkfJSA1
U.S. hospital network Steward files for bankruptcy, aims for new loan https://t.co/Nw4DSbzorq https://t.co/UCGGmI3ctr
Dallas-based Steward Health Care filed for Chapter 11 bankruptcy today. We have the details: https://t.co/iUIDBUOcd6
Hospital Operator Files for Bankruptcy https://t.co/z8l5d16qaG
Gov. Maura Healey blasted leadership at Steward Healthcare on Monday, hours after the financially-troubled operator of eight Massachusetts hospitals announced that it has filed for bankruptcy. https://t.co/8gl6hNbzJB
Steward Health Care files for Chapter 11 bankruptcy protection https://t.co/FRRfT5YUJc
Steward Health Care on Monday announced that it has filed for federal bankruptcy protection as its financial problems deepen. Read the legal filing laying out the company’s issues. https://t.co/5qHBmYh6U3
Steward Health, which operates 30 hospitals in nine US states, filed for Chapter 11 bankruptcy in Texas, aiming to secure a new loan from its landlord Medical Properties Trust https://t.co/EQAO7ImZRl
WATCH LIVE: Gov. Healey speaking after Steward Health Care files for bankruptcy. https://t.co/ZwBTT2UgNP
Governor Maura Healey is holding a press conference after Steward Health Care, which has eight hospitals in eastern Massachusetts, filed for bankruptcy protection. Watch it live: https://t.co/r7Qom15mPx
Steward Health Care, the struggling hospital group that owns nine hospitals in Massachusetts, announced Monday that it is filing for bankruptcy. https://t.co/LDO1HwAZn7
1/Steward filed for bankruptcy early this morning. Experts say it's the largest provider bankruptcy in decades. How did we get here? Linking past coverage: https://t.co/OqIH7aP9vI
Steward Health files for Chapter 11 bankruptcy protection https://t.co/HomXKn0arB
$MPW (-14.0% pre) Medical Properties Trust Shares Drop on Steward Health Bankruptcy - MW https://t.co/0ufK85iOEE
Steward files for bankruptcy leaving hospitals in limbo https://t.co/rbllwXaYen
Steward Health Care files bankruptcy in what looks to be a free-fall case with no DIP, no RSA and a lot of angry politicians https://t.co/bPkcHnCVwN
BREAKING OVERNIGHT: Steward Health Care, operator of 8 Mass. hospitals, files for bankruptcy https://t.co/nA9IJ7cQz9 https://t.co/FstheFN0Ij
BREAKING: Steward Health Care, the troubled operator of eight hospitals in Massachusetts, filed for Chapter 11 bankruptcy protection early Monday. https://t.co/fjL62C0eKW https://t.co/XBeD2bre07
The financially troubled operator of eight Massachusetts hospitals announced Monday morning that it has filed for bankruptcy. https://t.co/ukwsY8rrxT
Steward Health Care files for bankruptcy as it’s finalizing a rescue loan with landlord Medical Properties Trust https://t.co/CqCAkoPoRw
BREAKING: Steward Health Care files for Chapter 11 bankruptcy https://t.co/7JlkZtRPFK
Steward Health Care, operator of 8 Mass. hospitals, files for bankruptcy | Click on the image to read the full story https://t.co/1EtC7v3GFX
Steward Health Care files for bankruptcy https://t.co/KZLYrUEZRr
Medical Properties Trust tenant Steward files for bankruptcy protection https://t.co/DxoNO1MV6m
Steward Health Care, which once trumpeted its community hospital system as a low-cost alternative to Boston’s medical goliaths before expanding nationally and falling into a deep financial crisis, filed for bankruptcy protection early Monday morning. https://t.co/mGEwR8kDuc
Steward Health Care to File for Bankruptcy as Soon as Sunday @WSJ #CMBS https://t.co/D9knLxW1FR
Mass. launches emergency operations plan for embattled Steward hospitals https://t.co/92bVdO60iy
Massachusetts starts emergency operations plan to work with Steward-owned hospitals https://t.co/QcsXvBkL3z
State sets up incident command system amid Steward Hospitals financial struggles https://t.co/fq0V4M7akL
As abortion clinics face rising supply costs and office closures, pregnancy-care group Southern Birth Justice Network plans to ramp up services in South Florida. https://t.co/XyBCFUsNnJ
Updates are planned for one of the busiest hospitals in South Florida. https://t.co/HL7X6iuzKQ
Amid Steward Hospitals’ crisis in Massachusetts, Maura Healey admin launches ‘Emergency Operations Plan’ https://t.co/Ro79slkifn
Mass. launches 'emergency operations plan' for Steward hospitals | Click on the image to read the full story https://t.co/py1JCQTZro
JUST IN: State activates emergency incident command system amid Steward hospitals’ financial troubles https://t.co/dTjCNBaWgR
"State officials have activated a command center to help manage the fallout from the @Steward Health Care financial crisis and an anticipated breakup of the company’s hospital system in Massachusetts. The move comes amid growing concern about a potential bankruptcy by…
State officials have activated a command center to help manage the fallout from the Steward Health Care financial crisis and an anticipated breakup of the company’s hospital system in Massachusetts. https://t.co/vvn73P0CpI
After patient’s eyes ripped out, a scathing report on security at South Florida hospital Read more at: https://t.co/ivyEdlpqQO by @MiamiHerald
After a mental patient’s eyes were ripped out, a scathing report on security at South Florida hospital. Via @MiamiHerald https://t.co/QfK1VKpyk1