The recent bankruptcy filing by Steward Health Care, the operator of Brockton’s Good Samaritan Medical Center, has shed light on the company’s complex financial situation. The company is at the top of the hierarchy and owns eight other hospitals in Massachusetts, including Morton in Taunton and Saint Anne’s in Fall River.
The community has rallied to support Good Samaritan Medical Center, expressing concerns about the impact of the bankruptcy on healthcare services in the area. The bankruptcy filing contains 28 pages of detailed information about the company’s financial situation, which indicates that its debts fall between $1 billion and $10 billion.
Steward Health Care owes money to over 100,000 creditors, with the largest unsecured claim being $71 million owed to Change Healthcare. In addition to owing money to various healthcare providers and companies, Steward Health Care also has significant debts to the IRS, including debt related to the CARES Act which provided COVID relief.
Medical device providers such as Philips North America are among the largest unsecured creditors. Local companies like Boston Scientific in Marlborough and ProMedical in Lexington are also seeking repayment, with claims ranging from $5.2 million to $5.4 million.
For news tips or information, contact reporter Chris Helms at CHelms@enterprisenews.com or on Twitter at @HelmsNews.
