Steward Wins Court Approval to Sell Hospital to CHRISTUS Health

Bankrupt Steward Health Care won court approval to sell one of its Texas hospitals to not-for-profit CHRISTUS Health.

• Judge Christopher Lopez said Tuesday he’d approve the sale after Steward said it didn’t receive any other qualified offers for the Wadley Regional Medical Center in Texarkana
  • CHRISTUS will pay between $4.5 million and $5.5 million for the hospital, depending upon price adjustments, according to court documents
• Lopez first approved the sale earlier this month; CHRISTUS’s offer was in the form of a stalking horse bid, meaning it was subject to better offers
  • Steward said in court papers that it didn’t ...