The U.S. Trustee for the Southern District of Texas filed a May 25 expedited motion to convert Dallas-based Steward Health Care’s Chapter 11 bankruptcy case to a Chapter 7 liquidation due to the for-profit health system’s inability to pay around…
bankrupt
Secaucus, N.J.-based Hudson Regional Health, a four-hospital system, has been created as part of the final step in CarePoint Health’s bankruptcy exit. U.S. Bankruptcy Judge Kate Stickles approved the plan April 17, which went into effect May 22. The system…
Some of Los Angeles-based Prospect Medical Holdings’s hospitals in Connecticut have secured interest from ‘multiple buyers’ after a $435 million deal with Yale New Haven Health (Conn.) to buy all three facilities was dubbed “impossible” in February, The Middletown Press…