In 2010, a group of hospitals controlled by the Archdiocese of Boston was struggling. Public officials, health care leaders and community members worried about the facilities' future.
“People were concerned about the Catholic nonprofit system being sold to a for-profit aggressive investment firm,” said John McDonough, professor at the Harvard T.H. Chan School of Public Health. “But there didn't seem to be any other viable choices on the table.” Expansion was always part of Steward’s plan. From its early days, the company hired doctors away from competing Massachusetts medical groups and worked aggressively to keep patients in its network.struck a deal with Medical Properties Trust
Countless executives have come and gone from Steward, but de la Torre has been a constant. Amid the COVID pandemic in 2020, he led aCerberus — the firm eponymous with the mythological three-headed dog that guards the gates of the underworld — made an $800 million profit on Steward,
Source: News Formal (newsformal.com)
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