Steward Health Care, a healthcare provider with eight hospitals in Massachusetts, has filed for bankruptcy protection. The company’s complex structure includes Steward Health Care Holdings LLC, which owns the hospitals and is indebted to over 100,000 creditors with varying amounts owed.
The largest single unsecured claim in the bankruptcy filing is $71 million owed to Change Healthcare, a healthcare technology company owned by Optum. Steward’s unsecured debts also include $28 million owed to the Internal Revenue Service, including CARES Act-related debt. Medical device providers, such as Philips North America, are also owed significant amounts by the company.
Local businesses like Boston Scientific and ProMedical are among those seeking repayment, with substantial claims of $5.4 million and $5.2 million, respectively. Steward has disclosed its debts to be between $1 billion and $10 billion, with assets falling within the same range. The bankruptcy filing for Steward Health Care Holdings LLC is included below for reference.
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