The ripples of financial difficulties at Steward have been felt by its employees, vendors, state officials and patients for years, but the state is now scrambling to prepare for what could become a tsunami if the for-profit company shutters some, or all, of its Massachusetts hospitals.
Health care leaders and public officials are becoming increasingly concerned about the potential failure of Steward Health Care as they accelerate plans to respond to what could become a health emergency if any of Steward's nine Massachusetts hospitals close.
"We're working every day with our members and with all stakeholders to ensure that these hospitals remain open, that these jobs remain in the community," Foley said. Carney Hospital in Dorchester is one of several Massachusetts facilities operated by Steward Health Care System. Steward operates 33 hospitals in eight states, including Massachusetts. It's one of the largest private, for-profit hospital operators in the U.S.
The options on the table are complex and varied. Those with knowledge of the state's ongoing talks said officials are developing several contingency plans, but the final outcome largely depends on how Steward moves forward. The company said in a statement that Steward is working to repay its debt, but"there can be no assurance that Steward will successfully execute its plans or that the Company will recover all of its deferred rent and loans outstanding to Steward."
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