Nashoba Valley Medical Center
| Nashoba Valley Medical Center | |
|---|---|
| Steward Health Care System | |
 | |
| Geography | |
| Location | 200 Groton Road, Ayer, Massachusetts, United States |
| Coordinates | 42°34′38.2″N 71°34′26.1″W / 42.577278°N 71.573917°W |
| Organization | |
| Type | Community |
| Services | |
| Emergency department | Yes |
| Beds | 73[1] |
| Helipad | Yes (FAA LID: 1MA1) |
| History | |
| Opened | 1964[2] |
| Links | |
| Website | www |
| Lists | Hospitals in Massachusetts |
Nashoba Valley Medical Center is a 40-bed[1] community hospital located in Ayer, Massachusetts. In 1994, Deaconess Hospital of Boston purchased what was then called Nashoba Community Hospital.[3] The hospital was purchased by Essent Healthcare in 2001, and sold to Steward Health Care System in 2011.[4]
On May 5, 2024, The Wall Street Journal reported that Steward Health Care was expected to file for Chapter 11 bankruptcy protection within the coming days, blaming rising costs, insufficient revenue and cash crunches as part of the decision. Steward's bankruptcy is set to be one of the largest hospital bankruptcies in U.S. history, and the largest one in decades.[5] The next day, Steward announced that it had indeed filed voluntarily for Chapter 11 bankruptcy protection. The company stressed that its hospitals and medical offices would remain open during the proceedings. In its press release, Steward stated it was finalizing terms of a $75 million in new debtor-in-possession financing from MPT, with the possibility for $225 million more if it meets certain unspecified conditions set by MPT. The company's filing papers list that more than 30 of its creditors owe about $500 million, and the U.S. government is owed $32 million to the federal government in "reimbursements for insurance overpayments".[6][7]
References[edit]
- ^ a b "Massachusetts Licensed or Certified Health Care Facility/Agency Listing". Retrieved 26 March 2016.
- ^ "Nashoba Valley Medical Center". Retrieved 26 March 2016.
- ^ "Patient demand drives Nashoba Valley plans new 100-bed hospital". Retrieved 26 March 2016.
- ^ "Massachusetts Hospitals: Closures, Mergers, Acquisitions and Affiliations". Retrieved 26 March 2016.
- ^ "Steward Health Care to File for Bankruptcy as Soon as Sunday". The Wall Street Journal. May 5, 2024. Retrieved May 5, 2024.
- ^ Weisman, Robert; Bartlett, Jessica (May 6, 2024). "Steward files for bankruptcy, leaving its eight Massachusetts hospitals in limbo". The Boston Globe. Archived from the original on May 6, 2024. Retrieved May 6, 2024.
- ^ Schooly, Matt; Kaplan, Michael (May 6, 2024). "Steward Health Care files for Chapter 11 bankruptcy". CBS News. Archived from the original on May 6, 2024. Retrieved May 6, 2024.