By Jay Fitzgerald – A blog about Boston, Hub of the Universe, and everything else.


A hidden player in the Steward Hospitals fiasco: State Street Corp.

Scott Van Voohis’s Contrarian Boston contains lots of fascinating tidbits about the Steward Hospitals tragedy, including how one of the investors in the notorious real estate company that helped drive the hospital chain into the ground is none other than Boston’s very own State Street Corp. Geode Capital Management also holds shares in Medical Properties Trust. … Don’t miss Mark Pickering’s take on the Steward mess at the bottom of Scott’s CB newsletter. … Separately, the WSJ has an update on the greed of Ralph de la Torre, CEO of Steward. … It still boggles the mind these PE firms were allowed to legally pillage a hospital chain that was originally formed with the charitable nickels and dimes of long-ago immigrant families. But legally pillage they did. Without any hesitation or remorse.

Update – The Globe’s Larry Edelman is wondering why the Healey administration isn’t stepping in to save the Steward hospitals in Dorchester and Ayer.

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