Health

Steward Health Care Employee Paychecks Postponed Due to Error

May 9, 2024 1 min read

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Employees of Steward Health Care experienced a delay in receiving their paychecks following a "processing error" within the Bank of America system, as reported by the company. The delay took place several days after Steward Health Care filed for Chapter 11 bankruptcy protection. Despite the hiccup, the company assured that all payroll and benefits had been funded and the issue was rectified within 24 hours. Steward Health Care has committed to covering any late fees that employees might incur due to the delayed payments.

The bankruptcy filing by Steward Health Care has prompted concerns regarding the future of its 31 hospitals across seven states, which currently report over $9 billion in liabilities. The company, however, remains operational and is planning to auction its hospitals by the end of June. An auction date has been set for June 28th, with a hearing on the sale of most hospitals outside Florida slated for June 25th. The Massachusetts Nurses Association noted that the bankruptcy and the associated payroll delays are under investigation by the governor's office.

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