Steward Health Care files for Chapter 11 bankruptcy

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  • Опубликовано: 16 июл 2024
  • One of the United States' largest private-for-profit hospital chains, Steward Health Care, filed for bankruptcy Monday. The company owns dozens of community hospitals across eight states.
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    #health #chapter11 #bankruptcy

Комментарии • 22

  • @az9448
    @az9448 2 месяца назад +15

    Let the public know who sits on Stewart's board. Expose the grift.

    • @nghtwtchmn129
      @nghtwtchmn129 2 месяца назад +1

      The IRS should audit every one of these fat cats who got a bonus.

    • @jawarholol4651
      @jawarholol4651 2 месяца назад +1

      Ralph de la Torre us the CEO

  • @ssshar2176
    @ssshar2176 2 месяца назад +14

    Private equity is evil.

  • @ssshar2176
    @ssshar2176 2 месяца назад +8

    A hospital run by that group gave my mom a wrong diagnosis.

    • @fghyjhku
      @fghyjhku 2 месяца назад +1

      Southwest General told my friend that she was not in labor. However she felt pain and noticed the head of her baby girl coming out. Her baby died.

  • @daniellozano8057
    @daniellozano8057 2 месяца назад +5

    Thank you, CAPITALISM!!

  • @na01k03
    @na01k03 2 месяца назад +7

    So now rich people play with the lives of middle and low income people.

    • @jawarholol4651
      @jawarholol4651 2 месяца назад

      This happens in so many hospitals across the country

  • @lindanorris2455
    @lindanorris2455 2 месяца назад +2

    they did everything to keep Stewart Health care going inclusing buying a 40 million yacht sure that helps the patients! Sure it does.

  • @duncanbleak3819
    @duncanbleak3819 2 месяца назад +1

    Pillage and plunder.
    It's called 'Pirate Equity' for a reason.

  • @libragoddess7265
    @libragoddess7265 Месяц назад +1

    They are the worse, I hope the whoever decides to buy this company fires ALL directors, VP, managers and supervisors in the Steward Healthcare Financial preregistration office. They are the worst to both employees and patients.

  • @lindanorris2455
    @lindanorris2455 2 месяца назад

    (20) yr olds with little experience in EVERY USA JOB anything are also a BIG PART OF THIS PROBLEM!!

  • @pat_in_va8605
    @pat_in_va8605 2 месяца назад +3

    There are collateral losses when a company does this to a community. This happened to the poor community hospital where I live in 2013. A company bought the small community hospital (the residents were told nothing would change in their care and the presence of the hospital in the county would continue so "keep your appointments" - sound familiar?). The company then sold off the community hospital things it could and shuttered it, leaving the closest emergency room over 45 minutes away (and in another state). It took almost 10 years to get the funds and approval to open up just the emergency room (no actual patient rooms open yet and probably never?) When your local hospital closes up like that, you lose all supporting medical doctors. You end up with only three or four family or GP doctors, and all of the specialists are in another county (and, in our case, in one of two different states). Need to see a pediatric specialist? Drive an hour away to another state. Need a cardiologist? Need an Orthopedist? Need to have a baby delivered? Your child will have a birth certificate from another county or state. Need to have your cataracts removed? Need any day surgery? You are driving to another county, at the very least. Nothing is local any longer when your community hospital closes up shop.

    • @nghtwtchmn129
      @nghtwtchmn129 2 месяца назад +2

      NPR once reported on how a community hospital closing can lead to a downward spiral, making attracting new industry extremely difficult. Insurance rates will be higher for businesses when there is no medical care nearby, and executives and engineers do not want to move to a town with no hospital.

  • @papadre70
    @papadre70 2 месяца назад +1

    Six Threescore and Six folks. Wake up People both sides of the isle work for them

  • @edwinpadilla856
    @edwinpadilla856 2 месяца назад +2

    That’s the worse of capitalism for you; total disregard of people’s health, financials, employment, and futures for the whole purpose to maximize profits for a small group of investors.