As Santa Clara County moves forward with the purchase of Regional Medical Center, East San Jose advocates are calling on the hospital’s ownership to provide a community reparations package as part of the sale. The county is expected to finalize the acquisition of the hospital early next year for $175 million from Tennessee-based HCA Healthcare, the largest for-profit hospital corporation in the country.
Community Memorial Hospital in Defiance County officially closed its doors on Saturday. The hospital temporarily suspended services in May due to financial issues, according to former Community Memorial CEO Bill Cherry.
A hearing will be held on Wednesday in bankruptcy court in Texas to decide if Steward Health Care has found the best possible way to wind down its operations in Massachusetts.
Financial statements show that Steward reported staggering losses while it was making these lavish outlays to its executive, namely $364.7 million in 2021 and a $268.8 million loss in 2022.
Each summer in recent years, the U.S. Department of Justice (DOJ) and associated fraud enforcement partners have indicted many health care defendants, in multiple cases across the country. This summer continued the tradition.