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Steward Enters into Stalking Horse Purchase Agreement with Orlando Health

Aug 14, 2024•almost 2 years ago

Contract Type

agreement

WestwoodHealth CareMedical

Description

Steward Health Care has entered into a binding asset purchase agreement to sell its Northern Florida operations, including Rockledge Regional Medical Center, Melbourne Regional Medical Center, Sebastian River Medical Center, and Steward Medical Group Practices, to Orlando Health, a not-for-profit healthcare organization. Orlando Health's bid is designated as the stalking horse, subject to higher or better qualified bids received by August 26th, 2024.

Company Information

Company

Steward Health Care Network

Location

Westwood, California, United States

About

Steward Health Care is a healthcare company that operated St. Anne’s Hospital, Morton Hospital, and Holy Family Hospital. These hospitals are significant healthcare providers in Massachusetts, offering a wide range of medical services to the local communities.

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Agreement Insights

Based on industry data
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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