Pafford Health to but Wadley Regional Medical Center at Hope

DALLAS, TX – Steward Health Care has announced that, through its court approved sale process, it has received the highest or best offers for Wadley Regional Medical Center at Hope and Glenwood Regional Medical Center in West Monroe, LA. Subject to court approval, Steward has declared that the bid from Pafford Health Systems, Inc. to purchase Wadley Regional Medical Center in Hope and the bid from AHS South LLC to purchase Glenwood Regional Medical Center are successful bids.

“The successful bids received for Wadley Regional Medical Center at Hope and Glenwood Regional Medical Center are a product of Steward’s continued efforts to sell its hospitals for the benefit of its patients, their families, and its other stakeholders,” Steward said in a statement. Steward commenced its voluntary chapter 11 cases on May 6, 2024, to, among other things, facilitate 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.

“Steward has done and will continue to do everything it possibly can to continue operating in a very difficult health care environment,” said Mark Rich, President, Steward Health Care. “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.”