Negotiations between Steward Health and the Commonwealth of Pennsylvania continue in the sale of Sharon Regional Medical Center. According to a court filing made in the U.S. Bankruptcy Court for the Southern District of Texas, Steward Health is requesting funding of $3 million per month from the Commonwealth by Monday, Dec. 2 or they will begin the hospital closure process. However, a filing later Monday extended that deadline to Wednesday, Dec. 4. The Commonwealth committed to pay Sharon Hospital $1.5 million per month for three months ($4.5 million) in September to maintain operations including payroll, rent, supplies and accrued expenses. Steward Health threatened to close the hospital if it did not receive this funding.
