Steward hospitals continues to lose money

in 2013, Alan Sager, Boston Globe, Newsmakers, School of Public Health
August 29th, 2013

asagerBoston Globe (subscription required)
Alan Sager, School of Public Health

Steward Health Care System continues to lose money on its hospitals more than two years after the company was created by a private equity firm to take over the former Caritas Christi Health Care chain in eastern Massachusetts, according to newly released state figures…

Expert quote:

“The most profitable hospitals are the ones that are able to command higher payments. We again see the survival of the fattest where profitability has more to do with their market leverage than with efficiency.”

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