Rural Healthcare to Buy Steward Medical, Steward Health Care

Rural Healthcare Group intends to purchase Steward Medical Group and Steward Health Care Network, it says in a statement.

• Plans to make significant investments in Stewardship’s infrastructure
• Transaction will separate Steward Medical Group and Steward Health Care Network from Steward’s hospital system
• Transaction is subject to regulatory approval
• Financial terms were not disclosed
• NOTE: RHG is owned by Kinderhook Industries, LLC, a private investment firm
• NOTE: Steward Gets $30 Million Lifeline Following Apollo Landlord Deal
  • Steward Health Files for Chapter 11 Bankruptcy in Texas

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