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 […]
Steward Health Care
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 […]
Hospital backlogs push northeast MA care system to ‘high risk’
Major swaths of the state’s health care system are now considered “high risk,” with the crisis largely fueled by a major backlog of patients waiting to be discharged from hospitals, the Massachusetts Health and Hospital Association said Monday. MHA indicated the situation is exacerbated by serious financial challenges at Steward Health Care, which on Friday […]
Editorial: It’s time to mend community hospitals’ insurer payment deficit
While a struggling for-profit health-care system might not elicit the kind of sympathy reserved for its not-for-profit counterparts, its take on the uneven field of the state’s medical insurance reimbursement landscape deserves everyone’s attention. Steward Health Care’s dire finances and suspected slew of unpaid bills have spilled into the public domain recently. However, hospital system […]
