Massachusetts governor formally seizes St. Elizabeth's hospital [CBS News]
Apollo Global Management, Inc. (New) (APO)
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Source: CBS News
The Brighton hospital is run by the bankrupt Steward Health Care company. Healey said her action will keep the hospital open while the state transfers operations to a new owner, Boston Medical Center. St. Elizabeth's seized by eminent domain The landlord, Apollo Global Management, had said the state's $4.5 million eminent domain offer significantly undervalued the property and pledged to fight the move in court. "While Apollo continues to put its greed ahead of the health and wellbeing of the people of Massachusetts, we are taking action to make sure St. Elizabeth's remains open," Healey said in a statement. "By transferring operations to Boston Medical Center, we will protect access to care for tens of thousands of patients and save thousands of jobs." Steward declared bankruptcy in May and put its U.S. hospitals up for sale. The story of a new mom dying after giving birth at St. Elizabeth's last October made national headlines, as medical staff at the hospital said a device
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APO
Earnings
- 8/2/24 - Miss
APO
Sec Filings
- 9/25/24 - Form 4
- 9/13/24 - Form 4
- 9/10/24 - Form 4
- APO's page on the SEC website