Good Samaritan Medical Center, located in Brockton, has recently filed for bankruptcy. Steward Health Care Holdings LLC, the parent company of the hospital, has shed light on its complex structure and financial situation. At the top of the company’s hierarchy, Steward Health Care owns eight other hospitals in Massachusetts, including Morton in Taunton and Saint Anne’s in Fall River. The company owes money to over 100,000 creditors, with the largest unsecured claim being $71 million owed to Change Healthcare.
Steward Health Care also has significant debts to the IRS, including debt related to the CARES Act which provided COVID relief. Medical device providers such as Philips North America are among the largest unsecured creditors. Local companies like Boston Scientific in Marlborough and ProMedical in Lexington are also seeking repayment, with claims ranging from $5.2 million to $5.4 million. The community has rallied to support Good Samaritan Medical Center and expressed concerns about the impact of bankruptcy on healthcare services in the area.
According to Steward Health Care’s bankruptcy filing, its debts fall between $1 billion and $10 billion with a wide range of assets as well. The bankruptcy filing contains 28 pages of detailed information about the company’s financial situation. For news tips or information contact reporter Chris Helms at CHelms@enterprisenews.com or on Twitter at @HelmsNews
