Steward Health Care’s Financial Crisis Sparks Debate on Private Equity Ownership in Massachusetts Healthcare

NBC Boston reports on Steward Health Care’s hearing at Mass. State House on Monday.

Massachusetts lawmakers have scheduled a hearing for Monday to address the issue of private equity ownership in healthcare. The focus of the discussion is on Steward Health Care, which currently owns nine hospitals in Massachusetts and is facing a financial crisis.

State Representative Campbell expressed the need for more transparency from Steward Health Care during a recent interview with Cory Smith and Sue O’Connell. The company’s uncertain future in Massachusetts could have serious implications for the accessibility of healthcare for hundreds of thousands of people in the state.

Governor Maura Healey has pointed the finger at the management of Steward Health Care as the responsible party for the company’s current financial troubles. The potential withdrawal of Steward Health Care from the state raises concerns about the future of healthcare services for Massachusetts residents.

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