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A new mom died after giving birth at a Boston hospital. Was corporate greed to blame?

February 29, 2024
CBS News
Contributed by: Drex DeFord
Summary
Sungida Rashid died at a hospital owned by private equity-backed company Steward Health Care due to lack of immediate care. Her death has sparked public criticism against private equity ownership of hospitals. Steward owns 33 US hospitals and is accused of prioritizing profits over patient needs. Rashid's death results from unavailability of a life-saving device as unpaid bills led to its repossession. Massachusetts officials investigate her preventable death and Steward's potential hospital closures amid financial struggles. CEO Ralph de la Torre purchased a $40 million yacht while company faces supply shortages.
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