Boston Globe, August 20, 2024, State’s Steward Exit Plan Is No Sure Thing, As Landowners, Creditors Push Back
In bankruptcy court filings, meanwhile, disputes between bankrupt Steward and some of its top creditors over how to divvy up proceeds from the Massachusetts hospital sales threw up new roadblocks to the transactions, which were on track to be finalized Thursday.
The developments created fresh uncertainty for a sales process that began late last year and gained urgency after Dallas-based Steward filed for bankruptcy on May 6. Governor Maura Healey on Friday said the state helped engineer preliminary deals to sell St. Elizabeth’s and five other hospitals to health systems in Massachusetts and Rhode Island, promising the deals would be completed “in short order.”
