BOSTON (WPRI) — Hospital operator Steward Health Care has filed for Chapter 11 bankruptcy.

 

The company, which owns eight Massachusetts hospitals, made the announcement on its website Monday morning.

 

Steward said the company is finalizing the terms with Medical Properties Trust to support restructuring. It would include $75 million to start and up to an additional $225 million.

 

The company says its hospitals, medical centers, and doctor’s offices will stay open, and employees still have their jobs.

 

In Bristol County, Steward owns Saint Anne’s Hospital in Fall River and Morton Hospital in Taunton.

 

Read more at wpri.com.