Steward Health Care, which at its height was the largest private hospital system in the US, (with 37 hospitals consisting of almost 8,000 inpatient beds, over 25 urgent care centers, 42 skilled nursing facilities, and a large physician network, in total employing about 42,000 people across the United States and Malta) declared bankruptcy in the midst of controversy after its top leaders took massive payouts.
Here is the story as reported by USA Today:
CEO Got Big Bucks While Hospital Chain Imploded
Here is the PBS investigation:
Investigation reveals how investors made millions as Steward Health Care system collapsed
And here is the US Senate investigation:
Examining the Bankruptcy of Steward Health Care: How Management Decisions Have Impacted Patient Care
