Health-care companies rose, but not by much, after one major bankruptcy filing. Steward Health System, the largest U.S. physician-owned hospital operator, filed for Chapter 11 protection,. -May 06, 2024 at 05:23 pm EDT
- MarketScreener
With a host of Massachusetts hospitals and communities' accessible health care put at risk by Steward Health System's financial mismanagement, state policymakers are starting to assess the threat of profit-driven models in healthcare and how the issue may be legislatively addressed.
The hearing about private investments in health care focused primarily on the financial challenges facing Steward Health Care, one of the nation's largest private, for-profit hospital chains, and the uncertain fate of its nine Massachusetts facilities.
As the future of Steward hospitals in Massachusetts dangles in uncertainty, state officials said Wednesday they're looking towards the possibility of ensuring placements for vital medical and nursing students should facilities close.