Our forum runs best with JavaScript enabled !

Bệnh viện cũng Bankrupt ?

View previous topic View next topic Go down

Confused Bệnh viện cũng Bankrupt ?

Post by 8DonCo Wed May 08, 2024 6:48 am

Bankrupt Steward Health puts its hospitals up for sale, discloses $9 billion in debt




Bệnh viện cũng Bankrupt ? Gettyimages-2068282446
Fall River, MA - March 8, 2024: St. Anne's Hospital is a Steward-owned hospital. 
John Tlumacki/The Boston Globe/Getty Images/FILE



Bankrupt Steward Health Care has put all of its 31 US hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston.

Steward, which filed for bankruptcy protection on Monday, hopes to keep all of its hospitals open over the long term, Steward attorney Ray Schrock told US Bankruptcy Judge Chris Lopez, who is overseeing the Chapter 11 proceedings.


“Our goal remains that there are zero hospitals closed on our watch,” Schrock said. “There’s going to be a change in ownership in many hospitals, we recognize that. But we don’t want to see any of these communities fail to be served.”


The privately owned company closed a hospital in Massachusetts earlier this year, and officials in that state have criticized Steward’s management and its former private equity owners for making short-sighted financial decisions that undermined patients’ care. Massachusetts officials in particular criticized a series of transactions that sold off the company’s real estate and saddled it with long-term rent costs at its hospitals.


In court documents filed before the hearing, Steward said it had over $9 billion in total liabilities, including $1.2 billion in loans, $6.6 billion in long-term rent obligations, nearly $1 billion in unpaid bills from medical vendors and suppliers, and $290 million in unpaid employee wages and benefits.
Schrock said Steward has real value, despite carrying a $9 billion debt load. The company had $6 billion in annual revenue before filing for bankruptcy, and it has been pursuing a sale of its physician group, Stewardship Health Care, to UnitedHealth subsidiary Optum Care for an amount that would repay the company’s loans and allow it to pay some of its vendors, Schrock said.
Steward had hoped to use the proceeds of that sale to avoid bankruptcy. But stalled regulatory approvals forced the company to seek short-term emergency financing that did not give Steward enough cash to continue operations for long, Schrock said.


“It never really stabilized the company,” Schrock said. “The company was always very close to running out of cash.”


At Tuesday’s hearing, Lopez allowed Steward to borrow $75 million from Medical Properties Trust, which owns the real estate where Steward’s hospitals are located and is owed $6.6 billion on leases that run until 2041. Steward hopes to borrow an additional $225 million from Medical Properties Trust later in its bankruptcy.


Steward is putting all of its hospitals up for sale. It intends to hold auctions on June 28 for its hospitals outside of Florida and July 30 for its nine hospitals in Florida. Schrock said those timelines were negotiated as part of the new $75 million bankruptcy loan, and that Steward would seek more time to sell its hospitals if necessary.


“What we don’t want to do is have a fire sale of the assets,” Schrock said. “There is a lot of value here.”


Last edited by 8DonCo on Wed May 08, 2024 11:56 am; edited 1 time in total

_________________
Bệnh viện cũng Bankrupt ? C7f64202b0357f04c779d805f437c5fc

Bệnh viện cũng Bankrupt ? JQrjmZ
8DonCo

8DonCo


Back to top Go down

Confused Re: Bệnh viện cũng Bankrupt ?

Post by LoveStory08 Wed May 08, 2024 10:30 am

All hospitals run like a business.
avatar

LoveStory08


Back to top Go down

Confused Re: Bệnh viện cũng Bankrupt ?

Post by TuTu Wed May 08, 2024 11:46 am

Thấy rầu Sad
avatar

TuTu


Back to top Go down

Confused Re: Bệnh viện cũng Bankrupt ?

Post by Tu* Khoai Wed May 08, 2024 12:33 pm

Có chớ . Bên này có 1 hệ thống bệnh viện bị BK cho nên hệ thống bệnh viện công của quận nhảy vô "tiếp thu" .

_________________
LOCK CHUMP UP !

HEY CHUMP! YOU'RE FIRED

CHUMP AKA THE BIG LIE


Bệnh viện cũng Bankrupt ? 2023431958 Bệnh viện cũng Bankrupt ? 2023431958 Bệnh viện cũng Bankrupt ? 2023431958 Bệnh viện cũng Bankrupt ? 2023431958 Bệnh viện cũng Bankrupt ? 2023431958
Tu* Khoai

Tu* Khoai


Back to top Go down

Confused Re: Bệnh viện cũng Bankrupt ?

Post by Sponsored content



Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum