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

05-06-24 1722ET