Who takes 5 hospitals in the Miami area in a huge case of bankruptcy? Changes are in progress – AOL

The Palm General, North Shore Medical Center and three other hospitals in South Florida, owned by a bankruptcy company in bankruptcy, are changing.

Steward’s health system transmits its hospitals in Miami -Dad and Braurd to its landlord, who has eavesdropped on America’s health systems -florida LLC to help him temporarily manage hospitals as a temporary manager until he found a long -term operator. The records show that the company was registered on August 18 in Nevada.

The deal includes a common hospital in Palmo in Hyalea, Coral Gable Hospital, Hyalea Hospital, North Shore Medical Center in North Miami-Dady and Florida Medical Center in Laderdale Lakes.

The solution is part of the deal that Steward Health made with a Medical Properties Trust, which owns the land on which hospitals are sitting to get out of their lease and maintain open hospitals in South Florida and other states.

The agreement, which is still finalizing, was OK to move forward from US bankruptcy judge Christopher Lopez in a Houston bankruptcy court on Wednesday, as a final hearing for September 17th. The judge on Tuesday approved the sale of the three hospitals on the Stuard of Florida Florida in Florida in Florida in Florida Florida Florida Florida Florida Florida Florida Florida Florida Florida Florida Florida on Florida Florida on Florida Florida Florid In Florida, the coastal coastal coast coastal coast coast of Steward in Florida on Steward Florida to Orlando Central Florida’s health for $ 439.42 million in cash.

Read more: The buyer appeared for several hospitals in Florida, owned by a insolvency health giant

As part of the proposed transaction, the landlord will take over Stward Hospitals in Miami-Dad, Braurd and others in several states. The Medical Properties Trust will then partner with health companies to temporarily manage hospitals.

For hospitals in South Florida, the landlord will work with America’s health systems in conducting daily operations, according to the proposed agreement. Steward’s lawyer said in court that Steward would still be involved, at least for the time being, due to licensing and contractual obligations.

The aim is to provide a transaction with permanent hospital operators until October, according to the settlement.

In exchange for medical properties, Trust will stop pursuing a steward claim for money due, including billions related to the leasing of Steward hospitals in Florida and other states. Steward will also stop pursuing claims against the landlord.

Steward Health had sold all his real estate in southern Florida at Medical Properties Trust in 2021 and has since paid rent to operate his hospitals on the properties he used to be. All 31 of its hospitals in the United States, including five in South Florida, were launched as part of a debt throw after a bankruptcy application on Chapter 11 in May.

But the sale was complicated when the health company and the medical real estate Trust entered into an unpaid rental disputes and also began to blame each other for attempting to interfere with potential deals to try to make more money. This ultimately led to this settlement agreement that came just in time for the cashier, which was a warning that was not enough money to continue working in hospitals and that there may be more exceptions if not concluded Deal.

“We are sure that this is the way to pursue,” said Steward’s lawyer in court.