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Medical Properties Trust claims that Steward did not properly follow bankruptcy procedures in agreeing to Orlando Health's bid for three Florida hospitals. Steward says MPT is interfering in the sales process.
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Stewart Health Care reportedly declined an offer to purchase all eight of its Bay State hospitals before getting approval from a bankruptcy judge for the closures.
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Union officials say workers at Palmetto General Hospital, one of eight Florida hospitals managed by Steward Health Care, are struggling with broken elevators, late overtime checks and staffing shortages.
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Steward, which owns eight hospitals in Florida, said it continues to seek other buyers. The struggling health system considered the proposed sale key to its Chapter 11 restructuring.
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The Dallas-based company, which runs eight hospitals in Florida, says it does not expect any interruptions in its day-to-day operations during the reorganization.
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A Plantation-based health care consulting and technology firm has filed for Chapter 11 bankruptcy reorganization, the South Florida Business Journal…
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A South Florida medical practice has filed for Chapter 11 reorganization after it was unable to make a payment in a malpractice lawsuit settlement,…