MedPage Today January 2, 2025
Shannon Firth

— Rising costs have left many hospitals vulnerable to “the sway of private equity,” one expert says

In September, we reported on a Senate hearing that focused on the impact that Steward Health Care’s greed and mismanagement had on patients and healthcare workers. Here we report on what has happened since.

During a Senate Health, Education, Labor, and Pensions (HELP) Committee hearing, nurses described the “unsafe” and “untenable” conditions across hospitals in the Steward Health system, which had filed for bankruptcy a few months earlier.

Approximately 15 patients in Steward hospitals died due to lack of medical equipment or staff, and many more lives were endangered, said HELP Committee Chair Sen. Bernie Sanders (I-Vt.). All the while, Ralph de la...

Today's Sponsors

Venturous
Got healthcare questions? Just ask Transcarent

Today's Sponsor

Venturous

 
Topics: Health System / Hospital, Investments, Mergers & Acquisitions / JV, Provider, Trends
Prime completes purchase of 8 Illinois hospitals
HealthTech M&A Multiples March 2025: Current Trends and Variables driving valuations
Dealbook: Gracepoint Acquires Touching Hearts, Family Matters Merges With Homecare California
Amwell Divests Virtual Psychiatric Care Business to Avel eCare in All-Cash Transaction
What's next for healthcare private equity?

Share This Article