Quincy (Mass.) Medical Center filed for Chapter 11 bankruptcy protection as a part of its acquisition by Boston-based Steward Health Care, according to a Taunton Daily Gazette report.
Quincy Medical Center has $56 million worth of bond debt, and if the restructuring is allowed, Steward would buy Quincy Medical Center and make $34 million in investments, the report said.
Last week, Quincy Medical Center's board of trustees voted to sell the hospital to Steward.
Read the Taunton Daily Gazette report on Quincy Medical Center.
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Quincy Medical Center has $56 million worth of bond debt, and if the restructuring is allowed, Steward would buy Quincy Medical Center and make $34 million in investments, the report said.
Last week, Quincy Medical Center's board of trustees voted to sell the hospital to Steward.
Read the Taunton Daily Gazette report on Quincy Medical Center.
Related Articles on Quincy Medical Center:
12 Recent Hospital Transactions
Sale of Massachusetts' Quincy Medical Center to Steward Needs State Approval
Steward to Acquire Massachusetts' Quincy Medical Center