WSAR NEWS

Who might buy hospitals from Massachusetts to Arizona? Steward Health Care looks for buyers

Private equity firms have been buying up hospitals and health care systems, like Steward Health Care, at an increasing rate over the past few decades, according to the Institute for New Economic Thinking.

 

This growing trend, however, has left patients, doctors, and local politicians concerned that the private equity business model, which consists of acquiring hospitals with the end goal of quickly extracting financial value to deliver large returns to investors, does not lend to high-quality patient care.

 

That couldn't be clearer in the case of Steward. This now-bankrupt for-profit corporation owns eight Massachusetts hospitals, including Good Samaritan Medical Center in Brockton, Morton Hospital in Taunton and Saint Anne's Hospital in Fall River.

 

Read more at heraldnews.com.

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