Steward Health Care planning to sell all hospitals, impacts felt state-wide

BOSTON — Steward Health Care wants to sell all of its hospitals by the end of the summer.

Its 31 hospitals across the country will be auctioned off at the end of June.

Steward has eight hospitals in Massachusetts including Good Samaritan Medical Center in Brockton and St. Elizabeth’s in Brighton.

The for-profit company filed for bankruptcy protection early Monday morning. It was revealed in bankruptcy court yesterday that it has nine billion dollars in liabilities.

In a statement, Steward explained that it took this voluntary step to seek relief under Chapter 11 bankruptcy as a necessary measure to allow the company to continue to provide essential care to its patients in their communities without disruption.

Gov. Maurey Healey has continuously said she wants Steward Health Care out of Massachusetts, and the bankruptcy proceedings provide an orderly way of doing that.

Steward said it wants the hospitals to remain open. Massachusetts state leaders stress the hospitals are open and patients should continue to go to them.

This is a developing story. Check back for updates as more information becomes available.

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