Manatt Health Partner Eric Gold was quoted by WBUR about the upcoming auction for Steward Health Care’s hospitals following their Chapter 11 bankruptcy.
While buyers would be able to acquire Steward hospitals without obtaining the associated debts, they may be hesitant to bid due to potential complexities in closing these deals, according to the article. It went on to explain that state officials must review and approve these hospital sales and simultaneously safeguard access to health care and jobs. “Above all, the state's goal is to keep the Steward hospitals open,” Gold said, “and it's going to be a challenge for the commonwealth to effectively review the transactions that are proposed, and at the same time assure that the hospitals will stay open, especially if there aren't a lot of bidders.”
Read the full article here.
Gold also commented on this news on WBUR’s Radio Boston.