Massachusetts Allocates $30 Million for Transition of Bankrupt Steward Hospitals

Governor Healey confirms closures of Carney and Nashoba Valley hospitals, while six others seek new owners.

Steward Health Care declared bankruptcy and plans to sell all its hospitals across eight states.
Massachusetts will provide $30 million to support six hospitals during their transition to new ownership.
Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer will close due to lack of qualified bids.
The $30 million funding is contingent on specific milestones and cannot be used for debt or management fees.
A Senate committee has authorized an investigation into Steward's bankruptcy and subpoenaed CEO Ralph de la Torre.