![]() ![]() The think tank ranks Texas in the top third, in terms of a probusiness tax climate, while Massachusetts is in the middle. A Suffolk Superior Court jury on Thursday awarded more than 22 million to a cancer scientist who sued Steward Health Care System for breaching her contract and causing an unusual series of events. Just more than two years after state officials gave Steward control of the six Caritas hospitals including Boston’s St. Scott Drenkard, director of state projects for the Washington-based Tax Foundation, said Texas is considered to have a more favorable business climate than Massachusetts. In the Bottom 5 of 270 Nearby Companies in Boston. Last month, Steward sued the state agency in Suffolk Superior Court, arguing that the agency has no right to demand sensitive and proprietary information about the company’s finances. Steward Health Care Systems CEO, Ralph de la Torre, has a CEO approval rating. And the company that runs one of the hospitals where he was treated was not allowed to read it first. Steward has failed to submit several years of financial information to the state Center for Health Information and Analysis, racking up more than $300,000 in fines that the company has not paid. The Globes narrative story about one mans struggles with his mental health care is running this week. Steward executives have long clashed with state officials over rules that require hospital operators to submit detailed financial information to the state. Most health care providers here are structured as nonprofits. Steward is a rarity in the Massachusetts health care market: a private for-profit company. But the terms of their five-year agreement with the state have expired, leaving Steward free to relocate corporate offices. Steward Health Care System, the Boston company that has been aggressively buying and renovating community hospitals across eastern Massachusetts, has sold 13 medical office buildings to an Arizona. Elizabeth’s Medical Center in Brighton.Īt the time, Steward received approval from the Massachusetts attorney general’s office to take over the former Caritas hospitals and convert them from nonprofit to for-profit properties.Ĭompany officials committed to keeping their headquarters in Greater Boston. The Boston-based company knows social media is essential to building strong connections with patients, so it uses Sprout Social to engage local communities. Steward was founded seven years ago as a way for the New York private equity firm Cerberus Capital Management to acquire the struggling Caritas Christi hospital network, which includes Carney Hospital in Dorchester and St. ![]()
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