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The Steward Health Care System (SHCS) is a private, for-profit company that operates more than 30 hospitals in nine states, including 25 urgent care centers and 107 skilled nursing facilities ...
Gov. Maura Healey's plan to rescue five bankrupt Steward Health Care hospitals — including hospitals in Brockton, Taunton and Fall River — could cost Massachusetts taxpayers $700 million by ...
A whistleblower has come forward to Congress alleging Steward Health Care CEO Ralph de la Torre and other Steward executives illegally conspired with foreign officials to secure a hospital ...
Steward Medical Group and Steward Health Care Network comprise the company's network of primary care and specialty providers. [144] Steward Health Choice is a commercial Medicaid option offered in Massachusetts and formerly in Arizona. [145] Steward Health Choice of Arizona was sold to Blue Cross Blue Shield of AZ in 2020. [146]
Letter from Massachusetts Governor to Steward Health Care 02-20-24.pdf Coughing up the company's complete financials won't solve the crisis, Healey wrote, but would build trust.
On May 6, 2024, Steward Health Care filed for Chapter 11 bankruptcy protection, raising uncertainty for the hospital's future. [ 6 ] [ 7 ] [ 8 ] Over the next several months, Steward began searching for potential buyers for all of its hospitals across the country through court-guided auctions.
The transaction was approved by the Massachusetts Attorney General, the state's Department of Public Health, and the Supreme Judicial Court. [6] On May 6, 2024, Steward filed voluntarily for Chapter 11 bankruptcy protection. The company's filing said Steward had more than 100,000 creditors and liabilities of between $1 billion and $10 billion ...
Steward crisis rocks already troubled health care system. Even before Steward's specific issues became clear, experts and policymakers were ramping up their warnings about pressure points in the ...