Steward Health Care, a struggling company that operates eight hospitals in Massachusetts, has filed for bankruptcy. Despite this news, the company has assured that there will be no disruptions in day-to-day operations and all hospitals, medical centers, and physician’s offices are open and serving patients as usual.
Dr. Ralph de la Torre, CEO of Steward, stated that the company has faced challenges in the healthcare environment and filing for Chapter 11 restructuring is in the best interest of patients, physicians, employees, and communities. The financial struggles of Steward have been a concern for state leaders for over a month.
This developing story will be updated on-air and online by 7NEWS as more information becomes available about the bankruptcy filing by Steward Health Care. Stay tuned for further updates on this breaking news story.
