The impact of private equity’s expansion into health care
Apr 01, 2025•7 min
Episode description
Steward Health Care was once the largest private hospital system in the country. When the private equity-backed network filed for bankruptcy last year, it devastated providers and patients. In Massachusetts, five of the eight Steward-owned hospitals were salvaged by the state and two were shuttered. Economics correspondent Paul Solman went there to see what happened and how. PBS News is supported by - https://www.pbs.org/newshour/about/funders