The MMS hosted a one-hour webinar on August 5th, 2024, with MMS President Dr. Hugh Taylor and DPH Incident Command Lead Dr. Gregg Meyer to provide an overview of the Steward bankruptcy and answer physicians' questions. MMS members can view a recording of the webinar here.
To view the Steward bankruptcy update webinar from May 28th, 2024, click here.
HPC Market Oversight Committee reviews Stewardship Health and Bankruptcy processes
On June 13, Health Policy Commission held a meeting to discuss the pending review of the proposed Stewardship-Optum transaction,
which was submitted by Stewardship Health at the end of March 2024.
Bankruptcy law expert Katie Catanese of Foley & Lardner, LLC provided an overview of the Chapter 11 process, including the sale of assets in a bankruptcy proceeding as they relate to Steward Health Care and related timelines as approved by the
bankruptcy court. The presentation is available on the HPC’s website.
Note: This information is intended to serve as a general resource. No recommendation or endorsement by the MMS for the individual(s) or service(s) listed is expressed or implied. This information does not constitute legal advice. The MMS is not responsible
for the recommendations of or the quality of the work provided by any of the parties listed.
Steward Health Care, the largest private for-profit hospital operator in the United States, filed for Chapter 11 bankruptcy on May 6, 2024. The Healy-Driscoll administration has been actively preparing for this bankruptcy proceedings and has established
a call center and website for patients as part of the next step in its Incident Command structure. As of this writing, May 16, 2024, all Steward hospitals and outpatient facilities in Massachusetts are open and operating as usual. Department of Public
Health monitors will continue to be in all locations especially in key departments.
If you have questions or concerns for the MMS, please contact Yael Miller, Director, Practice Solutions & Medical Economics (ymiller@mms.org).
