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Market
Outcome of Steward Health Care's bankruptcy by end of 2024
2
Resolution / Starting Odds
Reorganization • 33%
Liquidation • 33%
Acquisition by another company • 34%
Court filings or public announcements by Steward Health Care
Story
Steward Health Care Files for Chapter 11 Bankruptcy in Massachusetts
May 6, 2024, 08:51 AM
Steward Health Care, a health care provider operating eight hospitals in Massachusetts, has filed for Chapter 11 bankruptcy protection early Monday morning. This development follows a period of financial struggles that prompted state officials to activate an emergency operations plan to manage the fallout. The company, which had expanded nationally and was once considered a low-cost alternative to Boston's larger medical institutions, faced growing concerns about potential bankruptcy leading up to the filing. Additionally, Steward Health Care is finalizing a rescue loan with its landlord, Medical Properties Trust, amidst this financial turmoil. The bankruptcy filing occurred without a debtor-in-possession (DIP) financing or a restructuring support agreement (RSA).
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Successful restructuring • 33%
Liquidation • 33%
Sale to another company • 34%
Supportive • 33%
Critical • 33%
Neutral • 34%
Partnership formed • 25%
Acquisition by a competitor • 25%
No engagement • 25%
Government intervention • 25%
Reorganization • 33%
Liquidation • 33%
Acquisition by another company • 34%
Reorganization • 33%
Liquidation • 33%
Dismissal • 34%
Acquired by WHP Global • 33%
Acquired by Simon Property Group • 33%
Acquired by another company • 34%
Liquidation Approved • 33%
Reorganization Permitted • 33%
Case Dismissed • 33%
Chapter 7 conversion approved • 25%
Chapter 11 reorganization • 25%
Dismissal of bankruptcy case • 25%
Other outcome • 25%