Private Equity Ownership in Healthcare: Steward Health Care’s Struggle in Massachusetts and Implications for Patients

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

Massachusetts lawmakers have set a hearing for Monday to discuss the issue of private equity ownership in healthcare, specifically regarding Steward Health Care. The company currently owns nine hospitals in the state and is facing a financial crisis.

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

Governor Maura Healey has also weighed in on the matter, pointing to 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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