"Steward's Financial Crisis Sparks Hospital Closures in Massachusetts"
TL;DR Summary
State leaders are preparing for hospital closures as Steward Health Care plans to shut down facilities, including New England Sinai Hospital in Stoughton, Massachusetts. The company has reported a $22 million loss on hospital operations and owes $50 million in unpaid rent. Haverhill's mayor described the situation as potentially resembling a Ponzi scheme, with employees and patients already feeling the impact. While a Steward representative indicated that the hospital will not immediately close, officials are awaiting an official update. Steward employs over 16,000 healthcare workers in the state.
Topics:business#department-of-public-health#financial-crisis#health-care#hospital-closures#massachusetts#steward-health-care
- 'Victims of Ponzi scheme,' Mass. mayor says of Steward's financial crisis as hospital closures loom WCVB Boston
- Massachusetts Wakes Up to a Hospital Nightmare The American Prospect
- Steward wants to leave Mass. health care market, Lynch says The Patriot Ledger
- Sen. Warren accuses Steward of 'putting profits over patients' WBUR News
- DPH holding meeting on plan to close Mass. hospital WCVB Boston
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