FTX’s victims are getting up to 143 percent of their money back, because the system treated it like the fraud it was. As the Steward case shows, that’s not usually how bankruptcy works.
Steward Health
Posted inHealth and Social Policy
Steward Health Care’s Latest Fantasy Story
Why the bankrupt chain’s numbers don’t add up
Posted inHealth and Social Policy
A Hospital Heist Seeks Protection in the Ponzi-Friendliest Court in America
Steward Health just filed for bankruptcy in Houston’s scandal-plagued, private equity–pilled bankruptcy court.
Posted inVideos
The Prospect Weekly Roundup: It’s 1968 All Over Again
Will the Biden campaign listen to his disaffected base? Will Steward Health Care ever pay a single bill?
Posted inHealth and Social Policy
Scenes From the Bat Cave
How Steward Health left a Space Coast community hospital in a literal world of shit
Posted inHealth and Social Policy
Dealing With the Bad Stewards
Bailing out a critical Massachusetts hospital chain should come with some consequences for the financial operators who put them in that position.
Posted inHealth and Social Policy
Reversing Private Equity’s Looting of Hospitals
The right remedy is to claw back the billion-dollar payday Cerberus Capital and other insiders took out of Steward Health Care and give the money back to the hospitals.
Posted inHealth and Social Policy
Casualties of a Failed Health Care System
Why even an elite Boston hospital can feel like a makeshift infirmary in a war zone
Posted inHealth and Social Policy
Massachusetts Wakes Up to a Hospital Nightmare
Erstwhile Boston media darling Steward Health Care has been strip-mining hospitals for a decade now. The power elite may finally be paying attention.
Posted inHealth and Social Policy
Who’ll Stop the Raid?
A little-noticed Justice Department case alleges that Alabama’s Medical Properties Trust engaged in ‘fraudulent conveyance.’