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Steward’s sale of its hospitals’ property in 2016 continues to be noticed as the principal impediment for the income mainly because it’s expected bidders to barter with equally the for-profit medical center procedure plus the landowners, who have thus far failed to concur regarding how to divide proceeds from the revenue.
Simply because these assets “have important benefit” to medical center buyers, the lenders claimed a right to consent to acquire agreements, the filing said.
The developments designed refreshing uncertainty for the revenue approach that commenced late past yr and obtained urgency following Dallas-based mostly Steward filed for individual bankruptcy on Might six.
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The lenders claimed they may have the proper to block the sale of hospitals in Massachusetts and 7 other states to make sure that the bulk in the profits don’t go to the home proprietors, In line with its filing in US Bankruptcy Court in Houston.
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