Gov. Maura Healey has seized control of Dallas-based Steward Health Care’s St. Elizabeth’s Medical Center in Brighton, Mass., through eminent domain to ensure the hospital remains open and transfers operations to Boston Medical Center. Steward sought Chapter 11 protection May 6 and has since been working to offload its 31 hospitals. In August, New York City-based Apollo Global Management, an alternative investment manager, rejected a $4.5 million proposal from Ms. Healey’s administration to take over the hospital.
Read the full article: Massachusetts Seizes Steward Hospital to Prevent Closure //
Source: https://www.beckershospitalreview.com/finance/massachusetts-seizes-steward-hospital-to-prevent-closure.html