Steward Health Care Faces Financial Crisis, Considers Selling Hospitals
TL;DR Summary
Steward Health Care, a for-profit healthcare company, is looking to sell off four of its hospitals in Massachusetts, including the Norwood facility which has been closed since June 2020 due to flooding. The company's financial issues, including $50 million in unpaid rent, have raised concerns about the potential impact on patient care and healthcare workers in the state. Massachusetts lawmakers and officials are scrambling to find a way to save these facilities and prevent the closure, as the company cites challenges with reimbursement for Medicare and Medicaid patients.
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- Steward Health Taps Restructuring Advisers Following Worsening Financials The Wall Street Journal
- Steward Health Care crisis worries Good Samaritan hospital patients The Boston Globe
- Steward Health Care owes landlord, vendors millions as hospital closure rumors swirl CBS Boston
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