Steward Health Care’s Unique Financing Setup: Health Secretary Kate Walsh Faces Challenges in Finding a Buyer

Health and Human Services Secretary Kate Walsh has emphasized the challenges posed by the unique financing setup of Steward Health Care hospitals during a recent discussion on health care access, affordability, and staffing in southeastern Massachusetts. The for-profit system, which operates under private equity backing, has complicated efforts to find a buyer due to its complex property and leasing structures.

Walsh, a seasoned health care executive with extensive experience at top hospitals and research institutions, described the situation at Steward as unprecedented in her career. She believes that the system’s past sale of physical properties and subsequent leasing back of those properties has made it less appealing to potential acquirers. Despite these challenges, Walsh remains committed to finding a solution that prioritizes patient care, family support, and health care reform in eastern Massachusetts.

With a team of experts dedicated to exploring creative solutions, Walsh is focused on ensuring that patients receive the care they need while also working towards reforming the broader health care system in the region. She remains committed to addressing the current situation and finding a resolution that benefits all stakeholders involved.