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The Private-Equity Deal That Flattened a Hospital Chain and Its Landlord
The Wall Street Journal· 6 days agoIn the spring of 2020, Cerberus Capital Management was faced with a tricky financial situation. It...
Cerberus Eyes India Private Debt Growth as Shadow Banks Retreat
Bloomberg· 6 days agoCerberus Capital Management LP plans to expand its private credit portfolio in India as local...
Who is Ralph de la Torre? The CEO of Steward Health Care with a $40 million yacht
The Enterprise via Yahoo Finance· 5 days agoOn Monday, those financial troubles came to a head when Steward filed for Chapter 11 bankruptcy. When de la Torre first started Steward in collaboration with Cerberus < ...
UPDATE 2-US hospital network Steward files for bankruptcy, aims for new loan
Reuters via Yahoo Finance· 7 days agoSteward Health Care, which operates 31 hospitals in eight U.S. states, filed for Chapter 11 bankruptcy in Texas on Monday, aiming to secure a new loan from its landlord Medical Properties Trust ...
As Steward Ship Was Sinking, CEO Bought $40M Yacht
MedPage Today· 5 days agoBack in 2020, Steward Health Care System needed $400 million to dig it "out of a deep financial hole." Instead of investing in the struggling health...
Owner of five hospitals in South Florida files for bankruptcy. Will it affect you?
Miami Herald via Yahoo Finance· 7 days agoCerberus, the private equity firm, rebranded Caritas Christi Health to Steward Health Care System...
Steward files for bankruptcy, leaving its eight Massachusetts hospitals in limbo - The Boston Globe
The Boston Globe· 7 days agoAs part of the bankruptcy process, Steward said it is “finalizing the terms” of $75 million in new...
Formerly Private Equity-Owned Hospital Chain A Pretty Good Argument Against Private Equity Firms...
Dealbreaker· 6 days agoPeople are not happy about private-equity’s growing stranglehold on the American healthcare system....
Steward Health Goes Bankrupt After Mounting Financial Trouble
Bloomberg via Yahoo Finance· 7 days ago(Bloomberg) -- Steward Health Care System LLC filed for bankruptcy early Monday after a period of...
Steward Health Care files for Chapter 11 bankruptcy
WKBN 27 Youngstown· 7 days agoA case filed under Chapter 11 bankruptcy is frequently referred to as a “reorganization” bankruptcy, according to United States Courts.
