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Port Arthur Medical Center of Southeast Texas owner Steward Health Care System LLC filed for bankruptcy May 6, commencing an in-court restructuring process through voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code, according to a company press release.
Steward Health Care, which owns dozens of other hospitals in addition to the one in Southeast Texas, is touted as the largest physician-led hospital operator in the United States.
Steward’s hospitals, medical centers and physician’s offices will remain open and continue to serve patients, according to company officials.
“Steward Health Care has done everything in its power to operate successfully in a highly challenging health care environment. Filing for Chapter 11 restructuring is in the best interests of our patients, physicians, employees, and communities at this time,” Chief Executive Officer Dr. Ralph de la Torre stated.
Steward Health Care’s operations include 31 hospitals across eight states, approximately 400 facility locations, 4,500 primary and specialty care physicians, 3,600 staffed beds, and a company-wide workforce of nearly 30,000 employees that provide care to more than 2 million patients annually.
The Examiner has been in contact with many businesses claiming they are owed for products and services provided to the Medical Center of Southeast Texas and have not been paid as agreed. If your business has been negatively affected by this bankruptcy filing, we want to hear from you. Contact dannieoliveaux@theexaminer.com.