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February 7, 2024
Healey says no bailout for Steward Health Care as financial woes continue
WBUR
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Contributed by: Bill Russell
Summary
Steward Health Care, a major Massachusetts hospital operator, faces financial crisis threatening to fail. State officials, including Gov. Maura Healey, are closely monitoring the situation and developing plans to stabilize the state's health care system. Bailout for Steward is dismissed and, to manage the crisis, alternative options like takeover by other health systems or declaring a public health emergency are considered. Steward Health's secretive operations and litigation to avoid revealing financial information receives criticism. Mass General Brigham withdraws physicians from Holy Family, a Steward hospital, creating further disputes.
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