Bankrupt Steward Health to close two Massachusetts hospitals [View all]

Source: Reuters

Bankrupt Steward Health to close two Massachusetts hospitals

Dietrich Knauth
Fri, Jul 26, 2024, 3:14 PM EDT 2 min read

NEW YORK (Reuters) - Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday.

Steward filed for bankruptcy in May, putting all of its 31 hospitals up for sale in an effort to address its $9 billion debt.

Steward has lined up buyers for some of its properties, but it received no bids for Carney Hospital in Boston or Nashoba Valley Medical Center in Ayer, Massachusetts. Both hospitals are expected to close by the end of August, Steward said.

"This is a challenging and unfortunate situation, and the effect it will have on our patients, our employees, and the communities we serve is regrettable," Steward said Friday.

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