Schrock said Steward has real value, despite carrying a $9 billion debt load.
“It never really stabilized the company,” Schrock said.
Steward is putting all of its hospitals up for sale.
It intends to hold auctions on June 28 for its hospitals outside of Florida and July 30 for its nine hospitals in Florida.
Schrock said those timelines were negotiated as part of the new $75 million bankruptcy loan, and that Steward would seek more time to sell its hospitals if necessary.
Persons:
Steward, Ray Schrock, Chris Lopez, “, ” Schrock, “ There’s, Schrock, Lopez, ”
Organizations:
Health Care, Stewardship Health, Care, Medical Properties Trust
Locations:
Houston, Massachusetts, Florida