Steward Health Care, a healthcare provider that operates 8 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 will remain open to serve patients. The decision to file for Chapter 11 restructuring was made in the best interest of patients, physicians, employees, and communities.
Steward Health Care has been facing financial struggles for some time now, which has raised concerns among state leaders. Despite efforts to navigate a challenging healthcare environment, the company ultimately had to make the difficult decision to file for bankruptcy. This is an ongoing story and updates will be provided by 7NEWS on-air and online. Stay tuned for more information about this developing story.