Health Care Lags Market Amid Hospital Bankruptcy — Health Care Roundup
Provided by
Dow Jones
Health-care companies rose, but not by much, after one major bankruptcy filing.
Steward Health System, the largest U.S. physician-owned hospital operator, filed for Chapter 11 protection, marking one of the biggest hospital bankruptcies in decades.
Larger hospital networks were able to navigate the near-halt in discretionary procedures during the pandemic, which was followed by a recent boom in demand.
Mobile-Health Network Solutions tried to assuage shareholder concerns about its post-IPO slump, with co-founders expressing confidence in the growth outlook for telehealth.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 06, 2024 17:22 ET (21:22 GMT)
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