Steward Health Care System LLC

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Case Number:

4:24-bk-90213

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

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October 01, 2024
Steward Can't Be Forced To Reassign Contract In Ch. 11

While a government contractor was within its rights to end a subcontracting agreement with embattled hospital group Steward Health, the Bankruptcy Code's provisions for assignment of contracts mean the debtor can't be compelled to reassign the agreement while in Chapter 11, a Texas bankruptcy judge said Tuesday.
September 30, 2024
J&J Fights For Ch. 11 Venue, NY Diocese Settles For $323M

Johnson & Johnson and the Justice Department are set to face off in a dispute over whether the consumer products giant was justified in putting a talc unit into bankruptcy in Texas this month, after the U.S. Trustee's Office accused J&J of "forum-shopping" its third Chapter 11 filing.
September 30, 2024
Steward Health CEO Sues Senate Panel After Contempt Vote

The outgoing CEO of embattled Steward Health Care on Monday sued members of Congress who voted earlier this month to hold him in contempt for defying their subpoena to testify at a hearing into the downfall of the bankrupt hospital chain he heads.
September 20, 2024
Steward Health Scores $4.5M Deal For Texas Hospital

Embattled hospital operator Steward Health Care has informed a Texas bankruptcy judge that the company intends to accept a Texas-based Catholic health system's聽$4.5 million stalking horse offer for one of its facilities in the state.
September 19, 2024
Senate Panel Holds Steward CEO In Contempt After No-Show

A U.S. Senate committee voted unanimously Thursday to hold聽Steward Health Care CEO Ralph de la Torre in civil and criminal contempt after he defied a subpoena to testify about the bankrupt health system's downfall.
September 05, 2024
Healthcare Cos. Using Ch. 11 As Life Support In 2024

Several healthcare companies, including ventilator maker Vyaire Medical Inc. and hospital operator Steward Health Care System, have filed for bankruptcy this year, citing issues like a post-pandemic revenue drop and ballooning expenses colliding with declining government reimbursements.
September 04, 2024
Steward Health Gets OK To Sell Mass. Hospitals For $343M

A Texas bankruptcy judge on Wednesday approved Steward Health Care's $343 million sale of six of its Massachusetts hospitals and new funding that will help the company keep its facilities in the Bay State operating.
September 03, 2024
Steward Gets Hospital Deal; Pause Urged For Judge Shop Ban

Steward Health Care reached a tentative deal to keep most of its hospitals operating, Jackson Walker LLP and the U.S. Trustee's Office traded blows at a hearing over deposition disputes, and a group of asbestos claimants urged the Fourth Circuit to toss Bestwall's bankruptcy, alleging the Georgia-Pacific unit isn't actually facing financial distress.
September 03, 2024
Steward Seeks OK On $42M From Mass. To Support Hospitals

Bankrupt hospital operator Steward Health Care has asked a Texas bankruptcy judge to let the Commonwealth of Massachusetts pay $42 million to fund the operation of six hospitals in the Bay State that the debtor hopes to sell by the end of the month.
August 30, 2024
Steward Says It Has Deal To Avert Some Hospital Closures

Bankrupt hospital operator Steward Health Care System has a tentative agreement that would eliminate over $6 billion of claims against it, keep the majority of its 31 hospitals operating while saving three from potential closure and set it on a path to confirm a Chapter 11 plan, attorneys told a Texas bankruptcy judge Friday.