Steward Can't Be Forced To Reassign Contract In Ch. 11

By Clara Geoghegan · October 1, 2024, 5:42 PM EDT

While a government contractor was within its rights to end a subcontracting agreement with embattled hospital group Steward Health, the Bankruptcy Code's provisions for assignment of contracts mean the debtor can't...

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Bankruptcy Scorecard

Summary

The operator of 31 hospitals in eight states filed for bankruptcy with over $9 billion in debt as it faces scrutiny and litigation over its management.

Case Number

24-bk-90213

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$9.2 billion

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Related Sections

Case Information

Case Title

Steward Health Care System LLC

Case Number

4:24-bk-90213

Court

Texas Southern

Nature of Suit

Date Filed

May 06, 2024

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