Steward Health Care Hospitals Sold to Nonprofits

Steward Health Care is set to exit Massachusetts as it completes the sale of its remaining hospitals amid bankruptcy proceedings. CEO Ralph de la Torre has resigned as the company faces potential prosecution for failing to testify before Congress regarding its financial issues that led to the closure of several hospitals. The sale involves three nonprofit companies taking over six hospitals, with Boston Medical Center purchasing St. Elizabeth's Medical Center and Good Samaritan Hospital for $140 million, while Lifespan and Lawrence General Hospital will acquire other facilities. The state has committed $417 million in aid to support the transition and maintain operations during the changeover. Despite the new ownership, challenges remain in integrating the hospitals and addressing the previous neglect of infrastructure. The sale marks a significant shift in Massachusetts healthcare, aiming to provide better services in underserved areas, but uncertainties about the future persist.