BOSTON (AP) — Steward Health Care said it has reached an agreement to sell its nationwide physicians network to a private equity firm.
BOSTON — Steward Health Care said it has reached an agreement to sell its nationwide physicians network to a private equity firm .
Steward said the deal, which is subject to regulators' review, will result in strong patient and physician outcomes. “Stewardship Health will continue to serve its loyal patient following in the commonwealth of Massachusetts under new ownership,” the company said in a statement Monday.Mark Rich, president of Steward Health Care, said Kinderhook has "over 20 years of experience investing in mid-sized health care businesses that serve the nation’s most vulnerable populations.".
Steward owes lease payments after selling their hospitals’ physical properties — including land and buildings — to another company. Both Steward and the state have argued that requiring potential buyers to assume those payments instead of negotiating their own leases — or buying the hospitals properties outright — was making it hard to transfer ownership of the hospitals.
WASHINGTON — President Joe Biden is zeroing in on the policy goals closest to his heart now that he's no longer seeking a second term and will visit New Orleans on Tuesday to promote his administration's "moonshot" initiative aiming at dramatically reducing cancer deaths.HBO released a preview of the second episode of "Hard Knocks," where Bears WR Keenan Allen and CB Jaylon Johnson battle each other on the field.
Private Equity Firm Massachusetts Ralph De La Torre Bankruptcy Court Physicians Network Maura Healey Stewardship
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Massachusetts governor says Steward Health Care must give 120-day notice before closing hospitalsBOSTON (AP) — Gov. Maura Healey said Thursday she is pressing Steward Health Care to adhere to a state Department of Public Health regulation that hospital...
Read more »
Health Matters: Many more dentists on board to provide care under dental-care program, Holland saysNearly 450,000 Canadians have received care under the new Canadian Dental Care Plan, with more than 2.3 million approved to receive coverage, according to health minister Mark Holland.
Read more »
Many more dentists on board to provide care under dental-care program, Health Minister saysAs of last month, roughly 11,500 dentists, hygienists and denturists were registered to provide care under the program, which represented less than 50 per cent of dental professionals in Canada
Read more »
Bankrupt Steward Health to close two Massachusetts hospitalsBankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday...
Read more »
More than 4 years later, B.C.’s COVID public health emergency overB.C. health officer ends remaining restrictions, including the vaccinations for health-care workers
Read more »
B.C. government is testing out AI tools for rapid disease diagnosisB.C. Health Minister Adrian Dix says AI tools have the potential to ‘revolutionize health care’
Read more »