A company that operates hospitals in multiple states, including in Arizona, has filed for bankruptcy protection.In a statement, officials with Steward Health Care wrote that the company, which operates 31 hospitals in eight states, filed for Chapter 11 Bankruptcy voluntarily, and described the step as a "necessary measure to allow the company to continue to provide necessary care to its patients in their communities without disruption.
Others blame different factors for the current financial troubles, with Massachusetts Governor Maura Healey blaming the company for its own financial woes. The state's two senators, Democrats Edward Markey and Elizabeth Warren, said the company's previous private equity owners "sold for parts" and "walked away with hundreds of millions of dollars."The company operates eight hospitals in the Eastern U.S. state.