U.S. Bankruptcy Court Judge Christopher Lopez approved the sale Jan. 10, according to bankruptcy court documents obtained by Becker’s.
Tenor Health plans to continue hospital operations under its management, including commitments to regulatory approvals and licensure from the Pennsylvania Department of Health. It also plans to continue outpatient and behavioral health services at the hospital, the document said.
In late December, Tenor Health reached an agreement in principle with Medical Properties Trust, one of the largest hospital real estate owners and landlord to many Steward hospitals, for Sharon Regional. However, the hospital closed Jan. 5 with hopes to reopen if the Tenor Health deal was approved.
Steward sought Chapter 11 protection May 6 and has offloaded or closed the majority of its 31 hospitals.
Becker’s has reached out to Steward and Tenor Health Partners for comment and will update this story should more information become available.
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