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July 17, 2024

State officials await news on bid details regarding Steward assets

A large hospital building with a van parked in front Image | Courtesy of Google Maps Carney Hospital in Dorchester, a Steward Health Care-owned facility

Department of Public Health Commissioner Robbie Goldstein said Wednesday that officials are in the dark for now on how the bidding process worked out for Steward Health Care's hospitals in Massachusetts.

Bids were due Monday evening as part of Steward's complex bankruptcy proceedings. Goldstein told the Public Health Council on Wednesday morning that he had no information on the bids submitted, though he expressed hope that updates would come later in the day.

"We'd hoped we would have some information about these bids yesterday, but as of early this morning, we have not heard from Steward or others about the bidding process -- nothing about the bidders, the number of bids, or whether all the hospitals received bids has been shared with the department," Goldstein said during the virtual council meeting.

Steward was taking bids on its seven hospitals operating in Massachusetts: Good Samaritan Medical Center in Brockton, Morton Hospital in Taunton, St. Anne's Hospital in Fall River, St. Elizabeth's Hospital in Brighton, Carney Hospital in Dorchester, Holy Family Hospital with campuses in Methuen and Haverhill, and Nashoba Valley Medical Center in Ayer. Norwood Hospital, which is temporarily closed, was not included in the sale process.

An auction will be held Thursday for hospitals that received multiple bids, though Goldstein said that timeline could be pushed back as Steward looks to solicit more interest from prospective buyers. After the auction, Steward has a sale hearing scheduled in U.S. Bankruptcy Court on July 31 -- the final day for formal legislative business in Massachusetts.

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