A Senate committee voted Thursday to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO, Dr. Ralph de la…
Steward's CEO, Dr. Ralph de la Torre, had declined invitations to testify in front of the Senate Health, Education, Labor, and Pensions CommitteeThe subpoena would compel de la Torre to testify before the Senate Health, Education, Labor, and Pensions Committee at a hearing on Sept. 12.
Sanders said the Steward bankruptcy shows the dangers of allowing private equity executives to make huge amounts of money by taking over hospitals, loading them up with debt and stripping their assets. As a result, Sanders said Steward and the 30 hospitals it operates in eight states were forced to declare bankruptcy with $9 billion in debt.“We understand the desire for increased transparency around our journey and path forward,” the company said.
On Tuesday, Healey said the state is evaluating bids for the hospitals owned by Steward in Massachusetts.“This is not taking over a widget company. This is not taking over a coffee company. This is where they take over hospitals and they apply the very same standards to those hospitals which they would apply to a widget company,” Markey said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Multiple Steward Health Care hospitals possibly headed for auctionThe fallout of Steward Health Care's bankruptcy filing could reach a new height Thursday morning.
Read more »
Steward Health Care under federal investigationA Steward spokesperson confirmed they are aware of and cooperating with the Department of Justice's investigation.
Read more »
Barriers to care: Transgender and gender-diverse people's health care experiencesTransgender, nonbinary, and gender-diverse people face barriers to accessing surgery and to the health system in general, describe authors in two new research papers published in Canadian Medical Association Journal (CMAJ).
Read more »
Using electronic health records to improve health care information managementIn a demonstration of what is plausible in the developing world, Nigeria's Ekiti State University Teaching Hospital (EKSUTH) is changing from error-prone paper-based patient records to an advanced Electronic Health Record (EHR) system.
Read more »
What can America do to make health care and health outcomes more equal?In 2003, Americans learned just how unequal health care in the United States really was.
Read more »
Election 2024 manifestos: Parties’ pledges on private schools and NHS staffingAll their key promises on schools, universities, skills, hospitals, public health, mental health and social care
Read more »