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