Steward Health Care, among the largest physician-led hospital operators in the country, has filed for Chapter 11 bankruptcy, the company announced today.
Steward is finalizing a deal with its landlord, Medical Properties Trust, on the terms of a bankruptcy loan of up to $300 million. The deal consists of debtor-in-possession financing from Medical Properties Trust for an initial funding of $75 million and up to an additional $225 million.
