Bankruptcy

Exactech faces more than 2,000 lawsuits alleging it sold defective knee and hip implants. The surprise action dismayed lawyers representing injured patients who have sued the company Alachua County.

During a hearing in U.S. Bankruptcy Court, the operator of the Bally Sports regional sports networks indicated it will cut loose the seven teams it has under contract for the 2025 season.

Ownership of the five hospitals were transferred to Steward's landlord and are being run by an interim manager. The court also approved Orlando Health's purchase of three Steward hospitals in the Space Coast region.

Bankrupt Steward Health announces a deal that allows for the transfer of its hospitals in several states to landlord Medical Properties Trust, which would operate the facilities while seeking new owners.

A bankruptcy judge is scheduled to hold a hearing Sept. 10 on the bid to purchase three Florida hospitals owned by Steward Health, which filed for Chapter 11.

Judge Christopher Lopez’s order acknowledges that Orlando Health is a qualified bidder and its $439 million offer is a qualified first bid for the medical centers in Brevard and Indian River counties.

The agreement includes Rockledge Regional Medical Center and Melbourne Regional Medical Center, both in Brevard County, and Sebastian River Medical Center in Indian River County.

The subpoena would compel CEO Dr. Ralph de la Torre to testify before the Senate Health, Education, Labor, and Pensions Committee at a hearing on Sept. 12.

Union officials say workers at Palmetto General Hospital — which is managed by Steward Health Care — are struggling with broken elevators, late overtime checks, and staffing shortages. In May, Steward declared bankruptcy.

Steward, which runs eight hospitals in Florida, plans to sell off all its hospitals after filing for Chapter 11 protection. In a letter to acting Labor Secretary Julie Su, Sen. Edward, Markey said the bankruptcy poses concerns for nearly 30,000 workers.

The Dallas-based company, which runs eight hospitals in Florida, says it does not expect any interruptions in its day-to-day operations during the reorganization.

Hornblower Group will continue transportation services like the Cross Bay Ferry while they move through the court-supervised process.