Hospital chain claims "greed and bad faith misconduct" led to bankruptcy
Bankruptcy filing alleges Steward Health Care executives siphoned $245 million from needy hospitals.
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Bankruptcy filing alleges Steward Health Care executives siphoned $245 million from needy hospitals.
Bankruptcy comes days after scathing Senate report on private equity impact on hospitals.
The law is intended to prevent the financial maneuvers Steward used to siphon money away from direct patient care.
Two private equity firms' efforts to wring profits out of hospitals in underserved communities put patients in danger, according to a new report by a powerful Senate committee.
A Senate committee voted to take steps to hold Steward Health Care CEO Ralph de la Torre in civil and criminal contempt
The CEO of the troubled hospital chain did not appear at a Congressional hearing on Tuesday, despite a subpoena calling for his testimony.
Federal grand jury focuses on financial activities of Steward Health Care under CEO Ralph de la Torre.
Ralph de la Torre, the CEO of Steward Health Care, says he will not testify at a Senate hearing in Washington next week.
Massachusetts Gov. Maura Healey has announced a plan to save five Steward hospitals from closure.
One lawmaker called Steward CEO Ralph de la Torre "the poster child" for corporate greed in health care.
The Dallas-based company, which owns hospitals in Massachusetts and seven other states, has been accused of putting profits over patients.
Steward Health Care, the struggling hospital group that owns hospitals in Massachusetts, Texas, Florida and other states, announced Monday that it is filing for bankruptcy.
One of the largest hospital bankruptcies in history is leading to new concerns that some communities will be left without access to medical care. CBS News chief medical correspondent Dr. Jon LaPook has more.
CEO of hospital system struggling with supply shortages previously acquired a $40 million megayacht, company confirms.
The top Democrat and Republican on a powerful Senate committee launched a wide-ranging investigation into private equity's impact on the U.S. health care system.
Texas Vista's owner, Steward Health Care, is shutting down the hospital six years after purchasing it with the help of private equity investors.
Delaware County Memorial closed last fall after private equity investors siphoned millions of dollars.
A for-profit California company saw windfall dividend — and patients scrambled for care, a CBS News investigation found.
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
The closure comes amid escalating operating costs for the facility, which are now estimated to total nearly $1 billion.
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
"I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said.
CPI gas price index has surged 28% from a year ago, while overall energy costs are up nearly 18%, new inflation data shows.
Memphis Grizzlies forward Brandon Clarke has died at the age of 29, the team announced.
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
University of Toronto researchers say cellphone data shows a major drop not only in Canadian tourists visiting the U.S., "but also in business-related travel."
The Justice Department defended itself after the Wall Street Journal revealed it has received subpoenas in connection with a leak investigation.
A hacking group named ShinyHunters claimed responsibility for the Canvas breach and threatened to leak data involving 275 million individuals if schools did not pay a ransom.
The operator of the Dali, a container ship that lost power and slammed into Baltimore's Francis Scott Key Bridge in 2024, killing six people, is facing federal charges.
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
GameStop CEO Ryan Cohen had argued that his company's retail locations would help eBay build a "national network."
A strand of DNA. An eerie doorbell video. The investigation into Nancy Guthrie's disappearance reaches 100th day with no sign of a breakthrough.
The body of a seventh person was located Monday nearly 150 miles north of a Union Pacific rail yard in Laredo, where six bodies were discovered on Sunday afternoon.
The Supreme Court set aside lower court decisions that had blocked the state from using a congressional map drawn by Republicans in 2023 that contained one majority-Black district.
Virginia Democrats asked the Supreme Court to restore its congressional map that aimed to give Democrats an edge in the midterms, days after it was blocked by the state's highest court.
Justice Samuel Alito extended an administrative stay that maintained access to mifepristone through the mail.
Infectious disease experts have sought to reassure people that the hantavirus cruise ship outbreak poses very low risks to the wider public.
A gunman who opened fire at cars on Memorial Drive in Cambridge, Massachusetts, Monday afternoon was shot by a responding State Police trooper and a civilian.
Most of the Americans who were on a cruise ship hit by a hantavirus outbreak were taken to specialized facilities at the University of Nebraska Medical Center.
A nonprofit group is suing to block the Trump administration's blue resurfacing of the Reflecting Pool in front of the Lincoln Memorial.
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
The closure comes amid escalating operating costs for the facility, which are now estimated to total nearly $1 billion.
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
"I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said.
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
"I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said.
CPI gas price index has surged 28% from a year ago, while overall energy costs are up nearly 18%, new inflation data shows.
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
The Trump administration plans to name longtime immigration official David Venturella as the interim head of U.S. Immigration and Customs Enforcement, replacing acting director Todd Lyons, a spokesperson and two U.S. officials said.
The closure comes amid escalating operating costs for the facility, which are now estimated to total nearly $1 billion.
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
FDA Commissioner Marty Makary resigned his position, stepping aside amid a swirl of reports that his tenure was coming to an end.
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.
A recent survey by the Alzheimer's Association found most adults think maintaining brain health is very important, but they don't know what steps to take. (Sponsored by the Alzheimer's Association.)
Daily physical activity is one of the important steps to building healthy habits to lower the risk of dementia. As part of a three-part series, "Brain Health: From Awareness to Action," Alzheimer's Association President and CEO Joanne Pike joins "CBS Mornings" with tips on incorporating exercise into your routine as part of their "(re)think your brain" initiative. Learn more about their "6-Step Challenge" at rethinkyourbrain.org (Sponsored by the Alzheimer's Association)
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
The head of the World Health Organization says "our work is not over" to contain hantavirus after evacuations from a cruise ship hit by a deadly outbreak of the illness.
The 18 Americans who were aboard a hantavirus-stricken cruise ship have returned to the U.S. and are now in quarantine. One remains in the biocontainment unit at the University of Nebraska Medical Center after testing positive. Ian Lee has more.
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
Russia tested a new long-range missile capable of carrying nuclear warheads, months after the last treaty with the U.S. expired.
Despite a fifth of British Prime Minister Keir Starmer's fellow Labour Party lawmakers calling on him to step down, he says he'll "get on with governing."
University of Toronto researchers say cellphone data shows a major drop not only in Canadian tourists visiting the U.S., "but also in business-related travel."
Defense Secretary Pete Hegseth said the $1.5 trillion the Pentagon is seeking is "admittedly a historic budget."
Kelly Reilly and Cole Hauser, the stars and executive producers of "Dutton Ranch," sit down with "CBS Mornings" to talk about reprising their "Yellowstone" roles for the series spinoff. The series premieres May 15 on Paramount+.
Pop singer accuses electronics manufacturer Samsung of using a copyrighted image of her face to sell TVs.
Annette Bening talks about starring in the "Yellowstone" spinoff "Dutton Ranch," why she wanted to play her character and learning to ride a horse for the role.
Inspired by a true story, Netflix's "The Rip," starring Ben Affleck and Matt Damon, follows two Miami-Dade police officers as they discover more than $20 million of cartel cash during a drug raid and reveals corruption within the department. But now the real-life officers involved in the raid are suing Damon and Affleck through their production company. Carter Evans reports.
Hosted by Jane Pauley. Featured: The Supreme Court ushers in a new era of gerrymandering; the legacy of CBS News Radio; motherless daughters; comedian Martin Short; rebuilding L.A.; remembering Ted Turner; and Martha Stewart prepares a Mother's Day breakfast.
The White House invited 16 top U.S. executives to join President Trump on his trip to China. CBS News contributor Patrick McGee joins "The Takeout" to discuss what the move could signal to Beijing.
OpenAI CEO Sam Altman took the stand on Tuesday to defend himself against a lawsuit brought by his former business partner, Elon Musk. Paresh Dave, senior writer for Wired, joins to unpack the case so far.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
OpenAI CEO Sam Altman took the stand Tuesday in Elon Musk's high-profile lawsuit against Altman's company. Altman defended the company against Musk's allegations that OpenAI betrayed its founding mission by becoming a for-profit entity. New York Times tech reporter Natallie Rocha joins CBS News to discuss.
President Trump departed the White House for Beijing on Tuesday to attend a summit with Chinese President Xi Jinping. Chris McGuire, senior fellow at the Council on Foreign Relations, joins CBS News to unpack the topics the leaders are expected to discuss.
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
The suspect who allegedly fired into a major road near Boston had prior criminal convictions. Jericka Duncan reports on new details about the shooting and the suspect.
The Justice Department announced criminal charges against the ship operator in the Francis Scott Key Bridge collapse that killed six people in 2024. CBS News' Shanelle Kaul has more.
Eileen Wang, the former mayor of Arcadia, California, faces a 10-year prison sentence for pleading guilty to acting as a covert agent for China. CBS News Los Angeles' Tina Patel has more.
The search for Nancy Guthrie has spanned 100 days, and key evidence in the case is still under analysis. CBS News' Anna Schecter reports.
A suspect is in custody after appearing to be shooting at random near three college campuses in Massachusetts. CBS News' Lilia Luciano reports.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Outside of Chicago, at Western Avenue Elementary, the head custodian has been looking out for little ducklings for 29 years. Tony Dokoupil has the story.
The suspect who allegedly fired into a major road near Boston had prior criminal convictions. Jericka Duncan reports on new details about the shooting and the suspect.
The immigration detention center in the Florida Everglades known as "Alligator Alcatraz" is set to close less than a year after it opened, sources told CBS News.
A small plane crashed into the Atlantic Ocean on Tuesday, 50 miles off Vero Beach, Florida, with 11 people on board. Cristian Benavides reports.
President Trump is on his way to Beijing to meet with Chinese President Xi Jinping. Before he left, he spoke about the current ceasefire with Iran. Will Todman, a senior fellow in the Middle East Program at CSIS, joins "The Daily Report" to discuss.