Loading...
Loading...
Browse all stories on DeepNewz
VisitWill Steward Health Care successfully sell all hospitals in Massachusetts by end of 2024?
Yes • 50%
No • 50%
Public announcements and records from Steward Health Care and Massachusetts state government
Senate Opens Bipartisan Investigation into Steward Health Care Bankruptcy, Subpoenas CEO for September Hearing
Jul 25, 2024, 12:57 PM
A U.S. Senate committee has opened a bipartisan investigation into the bankruptcy of Steward Health Care, the nation’s largest for-profit health system. The investigation, led by the Senate Health, Education, Labor, and Pensions (HELP) Committee, aims to scrutinize the financial mismanagement of the Dallas-based company. Steward Health Care, which filed for Chapter 11 bankruptcy in May, has faced significant challenges, including delays in hospital sales and failure to secure bids for facilities in Ohio and Pennsylvania. Despite these setbacks, the company has received successful bids for hospitals in Arkansas and Louisiana. All of Steward's hospitals in Massachusetts have received bids, according to Governor Maura Healey. The committee has issued a subpoena to CEO Ralph de la Torre, compelling him to testify at a public hearing in September. Lawmakers, including Senators Bernie Sanders and Ed Markey, have criticized de la Torre for prioritizing profits over patient care, citing issues such as staffing challenges and broken equipment at Steward's hospitals. The investigation seeks to hold the CEO accountable for the financial collapse and its impact on healthcare services.
View original story
Yes • 50%
No • 50%
Hospital A • 20%
Hospital B • 20%
Hospital C • 20%
Hospital D • 20%
Hospital E • 20%
Reorganization • 25%
Sale of assets • 25%
Liquidation • 25%
Other • 25%
Reorganization approved • 25%
Liquidation • 25%
Sale to another entity • 25%
Other outcome • 25%
Cease operations against Viceroy • 33%
Continue operations against Viceroy • 33%
Increase operations against Viceroy • 34%
Yes • 50%
No • 50%
None • 33%
1-2 executives • 33%
3 or more executives • 34%
Internal promotion • 25%
External hire • 25%
Interim CEO appointed • 25%
No new CEO appointed • 25%
Viceroy wins case • 33%
Steward wins case • 33%
Case settled out of court • 34%
Beth Israel Lahey Health • 25%
Mass General Brigham • 25%
Boston Medical Center • 25%
Other • 25%
No wrongdoing found • 25%
Minor violations, fines imposed • 25%
Major fraud confirmed, executives charged • 25%
Other outcome • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Sale of remaining hospitals • 25%
Liquidation of assets • 25%
Merger with another company • 25%
Debt restructuring • 25%
Fines imposed • 25%
CEO held legally accountable • 25%
No action taken • 25%
Regulation changes recommended • 25%