Steward Health Care's Financial Woes Prompt Potential Exit from Massachusetts Market
Mass General Brigham, a major healthcare institution in Massachusetts, is being considered as a potential savior for Steward Health Care's struggling hospitals in the state. With its substantial resources, MGB could potentially prevent a crisis by absorbing some of Steward's hospitals. However, the complex financial and regulatory challenges, including real estate ownership, unpaid rent, Medicaid patient mix, and antitrust concerns, make the situation difficult to navigate. State officials are waiting for Steward to present a formal plan, emphasizing the need to prioritize patients in any potential deal.