Steward Health Care faced significant financial turmoil, with reports of $290 million in unpaid employee wages and benefits, and nearly $1 billion in unpaid bills to suppliers and medical vendors, as detailed in a piece by WBUR. This crisis raised questions about the role of Medical Properties Trust in the situation, with some suggesting they were either victims or enablers of Steward's CEO, Ralph de la Torre's actions. Amidst these issues, Steward Health Care also experienced a payroll delay, attributed to a bank processing error, which Governor Maura Healey announced at an event Thursday was resolved, ensuring that employees would continue to be paid.
Payroll delayed for Steward employees due to bank processing error, company president says https://t.co/2TMlXONztn
"There was a glitch when it came to the banking," said Governor Maura Healey at an event Thursday. "That matter has been resolved by the bank. Employees, workers at Steward are getting paid, will continue to get paid." https://t.co/zNFM7dOv00
Steward Health Care payroll delayed due to processing error, president says https://t.co/FsXhbzd2mz
Numerous staff members from #Steward hospitals say they didn't receive their pay today, but a letter from the company blames another organization. https://t.co/OjRIOi4UVQ #Massachusetts https://t.co/p4yPO3ecAK
"$290 million in unpaid employee wages & benefits, & almost $1 billion in unpaid bills to suppliers & medical vendors." WBUR published an interesting piece on the timeline of what happened at hospital chain Steward Health & management/ownership 1/n https://t.co/79zoBjiCkD
Commentary: The Steward Health Care “meltdown raises a question that has yet to be answered: Is Medical Properties Trust a victim of CEO Ralph de la Torre’s recklessness — some would say malfeasance — or an enabler?” writes @GlobeNewsEd. https://t.co/r1KmBQmbOJ