Steward Health Care announces successful bid for Glenwood Regional Medical Center

WEST MONROE, La. ( KTVE/KARD ) — On July 21, 2024, Steward Health Care announced that, through its Court-approved sale process, it had received the highest or best offers for Wadley Regional Medical Center at Hope and Glenwood Regional Medical Center. According to officials, Steward declared that the bid from Pafford Health Systems, Inc. to purchase Wadley Regional Medical Center at Hope in Hope, Ark., and the bid from AHS South LLC to purchase Glenwood Regional Medical Center in West Monroe, La. are Successful Bids.

The Successful Bids received for Wadley Regional Medical Center at Hope and Glenwood Regional Medical Center are reportedly a product of Steward’s continued efforts to sell its hospitals to benefit its patients, their families, and other stakeholders. Steward began its voluntary Chapter 11 cases on May 6, 2024, to assist the continued implementation of a sale and marketing process for its hospitals and other assets that began before the bankruptcy case. The Court approved bidding procedures governing the sale and marketing process, including the processes for Wadley Regional Medical Center at Hope and Glenwood Regional Medical Center, and have promoted continued interest in potential buyers acquiring Steward’s hospitals.

According to officials, Steward’s focus during the Chapter 11 case remains high-quality patient care at all of its facilities. Officials also mentioned that Steward hospitals, medical centers, and physician’s offices remain open, fully staffed, and continuing to serve patients and the broader community.

Steward has done and will continue to do everything it possibly can to continue operating in a very difficult health care environment. We are working collaboratively with various parties, officials and stakeholders in the Court supervised process to obtain the best results we can for our patients, employees, and the communities we serve. We are pleased to have secured new operators for Glenwood and Wadley that we believe will allow the sales of these hospitals to move forward so they can continue to provide high-quality and compassionate care.

Mark Rich, President of Steward Health Care

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