Senators, Medical Workers Say ‘Corporate Greed’ Is Source of Steward Health Crisis

The cash-strapped company serves as a cautionary tale of private equity’s impacts on the health care industry, they said.

Sen. Ed Markey (D-Mass.) speaks during a Senate Foreign Relations Committee hearing at the U.S. Capitol in Washington on Dec. 7, 2021. Alex Brandon-Pool/Getty Images

The unfolding crisis surrounding Texas-based Steward Health Care Systems was at the core of a congressional field hearing in Boston on April 3.

The embattled for-profit health system’s financial woes have hit Massachusetts hard as the company’s nine Bay State hospitals struggle to keep the lights on.