Steward Health Care said in a U.S. Bankruptcy Court filing that a sale hearing scheduled this week on five of its Massachusetts hospitals has been unilaterally…
Steward Health Care said in a U.S. Bankruptcy Court filing that a sale hearing scheduled this week on five of its Massachusetts hospitals has been unilaterally"adjourned"lawyer tells a judge the bankrupt company is close on deals to sell five of its Massachusetts hospitals and hopes to present formal proposals soon, then no details of the deals come to light and the company again delays the hearing at which it is expected to seek court approval of the transfers.
Though her administration had previously said it would be up to Steward to announce the progress of its bankruptcy-compelled selloff, Gov. Maura Healey, on Aug. 16, that deals were in place to sell St.
"We have not yet executed asset purchase agreements related to the six hospitals, but again, we are very close to the finish line and are still fully engaged in mediation," Candace Arthur, one of Steward's lawyers from the firm Weil, Gotshal & Manges, said Thursday."We hope to be back before the court in very short order in connection with the Massachusetts hospitals and the transition there.
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