Steward Health Care, which operates 10 hospitals in Massachusetts and is in financial trouble, acknowledged in a recent letter that it is interested in exiting the state. The Dallas-based company had previously only expressed interest in selling some of its assets in Massachusetts. “We welcome the opportunity to meet personally with you regarding Steward's orderly departure from Massachusetts,” said Michael, Executive Vice President of Physician Services and Interim Chairman of Steward's New England Region. Dr Kalam said in a letter to Governor Maura. Healy. “We are ensuring that our priority is coordinating a transition that emphasizes continuity of first-class care in the communities we serve.” Steward said hospital operators should A copy of the letter was provided to News Center 5 on Friday. He was asked to turn over his financial records to the state of Massachusetts. The governor earlier this week directed the company and set a deadline for it to provide documents that Stewards have refused to provide for years. But Steward claims he has provided “thousands of pages” of records containing his finances in recent months. Karam said financial records for 2023 are not yet available. Steward Healthcare reportedly owes $50 million in unpaid rent and operates the following hospitals in Massachusetts: Kearney Hospital in Dorchester and Good Samaritan Medical Center in Brockton. , Holy Haverhill and Methuen families, Morton Hospital in Taunton, Nashoba Valley Medical Center, New England Sinai Hospital, Norwood Hospital, St. Anne's Hospital in Fall River, and St. Elizabeth Medical Center in Brighton. Earlier this month, Steward told his employees he had enough reserves. Funds to temporarily keep all of his hospitals open until he has the opportunity to sell some facilities to other operators. But state officials believe closure is still a possibility and are asking stewards to come up with a concrete plan. The company employs more than 15,000 nurses, doctors and other front-line essential health care workers across the state. In Mr Cullum’s latest letter, Mr Steward said: “We have no intention of abandoning our communities or our employees,” the group said, adding it welcomed increased oversight from public health authorities. Commenting on Steward's future exit from the market, Karam said: “We look forward to continuing a productive dialogue with your administration to bring this plan to fruition in the short term. Meanwhile, in a footnote, Karam said: 's letter also criticizes Massachusetts' health care policies.'' “The state has repeatedly made clear that it prefers other hospital systems, often larger and more expensive ones,” the footnote says. “I am disgusted by the fact that this particular CEO and management team came to Massachusetts years ago and took over many hospitals, especially hospitals and communities that provide excellent care to low-income people. , appears to have stripped those hospitals of those assets,” Healey said Friday when asked about the issue during a visit to the White House. “We are currently in a precarious situation and are working extremely diligently to ensure an orderly removal of Stewart from Massachusetts, protect the patient, and ensure that he receives treatment.”
Steward Health Care, which operates 10 hospitals in Massachusetts and is in financial trouble, acknowledged in a recent letter that it is interested in exiting the state.
The Dallas-based company had previously only expressed interest in selling some of its assets in Massachusetts.
“We welcome the opportunity to meet personally with you regarding Steward's orderly departure from Massachusetts,” said Michael, Executive Vice President of Physician Services and Interim Chairman of Steward's New England Region. Dr Kalam said in a letter to Governor Maura. Healy. “We ensure that our priority is to orchestrate a transition that emphasizes continuity of first-class health care in the communities we serve.”
Steward provided a copy of the letter to News Center 5 on Friday, the same day hospital management was asked to turn over financial records to the state of Massachusetts. The governor set that deadline earlier this week, directing the company to submit documents that stewards have refused to submit for years, officials said.
But Stewards claims it has provided “thousands of pages” of records in recent months, including financials for each year from 2017 to 2022. Karam said financial records for 2023 are not yet available.
Steward Healthcare reportedly owes $50 million in unpaid rent and operates the following hospitals in Massachusetts: Carney Hospital in Dorchester and Good Samaritan Hospital in Brockton. Medical Centers, Holy Family in Haverhill and Methuen, Morton Hospital in Taunton, Nashoba Valley Medical Center Hospital in New England Sinai, Norwood Hospital, St. Anne's Hospital in Fall River, and St. Elizabeth Medical Center in Brighton.
Earlier this month, Steward told employees that he had secured enough funding to temporarily keep all hospitals open until he had an opportunity to sell some facilities to other operators. I told him. But state officials believe a closure is still a possibility and are asking stewards to come up with a concrete plan.
The company employs more than 15,000 nurses, doctors and other front-line essential healthcare workers across the state.
In Mr Cullum's latest letter, Mr Steward said he had “no intention of abandoning our communities or our employees” and that the group welcomed increased oversight from public health authorities.
Regarding Steward's future exit from the market, Karam wrote: “We look forward to continuing a productive dialogue with the government to realize this plan in the short term.”
Meanwhile, in a footnote, Karam's letter also criticizes Massachusetts' health care policies.
“States have repeatedly made clear that they often prefer other — larger, more expensive — hospital systems,” the footnote says.
“I am disgusted by the fact that this particular CEO and management team came to Massachusetts years ago and took over many hospitals, especially hospitals and communities that provide excellent care to low-income people. , appears to have stripped those hospitals of those assets,” Healey said Friday when asked about the issue during a visit to the White House. “We are currently in a precarious situation and are working extremely diligently to ensure an orderly removal of Stewart from Massachusetts, protect the patient, and ensure that he receives treatment.”
