Healthcare DIVE January 10, 2025
The law aims to close loopholes that state officials say Steward Health Care exploited.
Massachusetts Gov. Maura Healey signed a sweeping healthcare bill into law on Wednesday that increases oversight over for-profit healthcare investment following the collapse of Steward Health Care last year.
The law, which is part of a larger healthcare package, increases regulators’ oversight of deals and sharpens financial penalties for companies that don’t comply with reporting requirements.
State regulators and public health officials spent the majority of 2024 enmeshed in difficulties related to Steward, after the for-profit health system crumbled under the weight of unsustainable financial obligations and filed for bankruptcy.
Prior to going bankrupt, Steward operated eight hospitals in the state, and its failure strained Massachusetts’...
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