Christina Hernon was saved by a doctor at a local hospital when she was 5
A direction board stands outside Carney Hospital in Boston, Tuesday, Aug. 20, 2024. When Christina Hernon was 5, her throat swelled shut from an infection and her mother rushed her to a local Massachusetts hospital in the dead of night. She couldn't breathe, suffered a seizure and was near death when a doctor saved her by inserting a tube down her throat.on Saturday.
Former Massachusetts heart surgeon Ralph de la Torre, who founded Steward and remains its chief executive, extracted more than $100 million from the company before it filed for bankruptcy in May, according to lawsuits and bankruptcy filings. The company had earlier cashed in by selling all its hospitals for $1.2 billion and then leasing them back from the new owners. The company described it as an “asset-light” model designed to prioritize patient care.
A spokesperson for de la Torre said that under the terms of the bankruptcy, he doesn’t have the authority to make decisions on which hospitals are sold or closed. He was “regrettably on a family vacation that was planned and paid for last year” when the decision to close the two Massachusetts hospitals was announced in late July, the spokesperson added.
The carnage left behind by Steward's failure is widespread. After starting in Boston 14 years ago with funding from a private equity firm, Cerberus Capital Management, Steward expanded to operate 31 hospitals in eight states, employing about 30,000 people and serving more than 2 million patients each year. Cerberus cashed out in 2020, walking away with a profit of about $800 million.
Santos has needed to rush his own daughter, who has severe asthma, to the hospital in the past and said it remains pivotal to the community.About 50 miles southeast in one of Boston's most diverse neighborhoods sit the imposing Carney Hospital buildings. Emergency room nurse Mary Ann Rockett said she considers staff and patients to be like a family.
Healey said no buyers put in qualifying bids for the Carney or Nashoba Valley hospitals and the state couldn't be expected to run them, so they would need to close. She said the state had contributed $30 million to keep them open through the end of August.
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