BOSTON — A financial crisis at Steward Health Care has rendered the for-profit system as one of the biggest boogeymen in state government circles, but a pair of leaders at Steward hospitals told lawmakers Wednesday that they face many of the same challenges as their peers in nonprofit settings. Sharp increases in patient demand pushing […]
Steward Health Care
Info gap hinders HPC review of Steward-Optum deal
BOSTON — Another state agency is counting itself among the public officials who say they do not have the information and records they need from Steward Health Care, as red flags have been raised around a potential deal to sell Steward’s physician network to for-profit insurers Optum Care. Steward remains in the spotlight after the […]
Healey continues to knock major health provider
BOSTON — Steward Health Care, which teeters on a financial crisis that could put multiple Massachusetts hospitals in jeopardy, is a “house of cards and a charade,” Gov. Maura Healey said on Monday, continuing to lash out at the for-profit health care system that is one of the state’s largest employers.
Steward hospitals attracting ‘interest’ from other operators
BOSTON — Steward Health Care’s landlord said Wednesday that Steward hospitals have drawn significant interest from other potential operators, the latest hint that facilities might soon be transferred away from the financially floundering for-profit system. A day after Gov. Maura Healey issued a biting call for Steward to hand off its licensed, operational Bay State […]
Healey: ‘Time has come’ for Steward to transfer its hospitals
BOSTON — Escalating her administration’s response to a potential health care crisis, Gov. Maura Healey on Tuesday suggested Steward Health Care transfer its Massachusetts hospitals to new operators “as soon as possible” and demanded long-sought financial information about the for-profit system in the next few days. Healey penned a three-page letter to Steward CEO Ralph […]
Delegation worried about ‘nefarious role of private equity’ in Steward crisis
All 11 members of the Massachusetts delegation to D.C. signed onto a letter Thursday to Cerberus Capital Management, the private equity firm that owned Steward Health Care’s hospitals from 2010 until 2021, seeking information amid “growing concerns” about the financial plight Steward now finds itself in. “We are particularly concerned about the extent to which […]