The private, for-profit company rescued a struggling Catholic hospital chain with backing from private equity, but just over a decade later, Steward's future in Massachusetts is cloudy.
The many documented financial problems at Steward Health Care Systems stand in stark contrast to the seemingly luxurious lifestyle of its CEO, Dr. Ralph de la Torre.
In 2018, Holy Family Hospital’s Haverhill campus was sold to a real estate investment trust for about $124 million a price tag well above the $14.8 million the city says it is worth. The financial freefall has been well-documented over the years even as it now appears to surprise state regulators. Birmingham, Alabama-based Medical Properties Trust […]
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