How the fall of Steward Health Care shaped private equity’s presence in hospitals
After Steward’s collapse, lawmakers questioned the safety of private equity in healthcare.
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After Steward’s collapse, lawmakers questioned the safety of private equity in healthcare.
Financial challenges, like low reimbursement rates, are putting pressure on small hospitals.
After a spike in Q3 2023, bankruptcy filings have dropped over the last three quarters.
Senators allege that CEO Ralph de la Torre’s “greed” led to the for-profit chain’s May bankruptcy.
Steward Health Care is facing allegations of fraud following accrued debts and a bankruptcy filing.
We’re shocked!
The volume of bankruptcies in 2023 was more than 3x the level seen in 2021.
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