Steward Seeks Buyers for MA Network and Hospitals Amid Financial Struggles, Drawing Lawmaker Scrutiny
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Steward wants to sell its Massachusetts physicians network to United Health Group to help pay overdue bills and rent. It's also trying to sell its 9 Massachusetts hospitals.
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Expert says the sale could help Steward's finances but may make the hospitals less attractive without the affiliated physicians.
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Sen. Warren and Sen. Markey raise concerns that the sale won't benefit patients or workers and could allow Steward to "loot" hospitals again.
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Expert argues the sale may improve bargaining power in MA against the state's other medical giant, Mass General Brigham.
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Markey plans a congressional hearing on April 3 to question Steward executives, including CEO Dr. Ralph de la Torre, about the company's troubles.