• 11/14/2024

Now-bankrupt Steward Health Care in 2016 paid a $790 million dividend—the lion’s share going to the hospital chain’s private-equity owner, Cerberus Capital Management.

Wall Street Journal

Now-bankrupt Steward Health Care in 2016 paid a $790 million dividend—the lion’s share going to the hospital chain’s private-equity owner, Cerberus Capital Management.

https://www.wsj.com/finance/how-a-private-equity-payday-drained-a-hospital-chain-of-cash-35a5cb35