Replay
What happened to one hospital chain.
2010
$895m
An investment firm buys it
2016
$1.25b
Sells the land, rents it back
2016
$719m
Pays itself
2020
$111m
Pays itself, leaves
2024
Bankrupt.
Wards closed.
Maternity and newborn ICU
Steward Health Care · Cerberus Capital Management · Labora Rounds