Healthcare DIVE September 5, 2024
Wednesday was a rocky day for bankrupt Steward Health Care as it finalized unprofitable deals and its CEO landed in the spotlight once again, this time for rebuffing a Senate subpoena.
Steward Health Care received court approval to sell six of its Massachusetts hospitals for an aggregate price of $343 million during a contentious hearing Wednesday, effectively exiting operations in the state.
The health system will sell St. Anne’s Hospital and Morton Hospital to Rhode Island-based Lifespan Health System for $175 million; St. Elizabeth’s Medical Center and Good Samaritan Medical Center to Boston Medical Center for $140 million; and both Holy Family Hospital campuses to Lawrence General Hospital for $28 million.
However, the sale was far from a win for...
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