“Christmas is shaping up to be a very, very strong close to the year,” Delta President Glen Hauenstein said Wednesday during an investor conference in New York. Delta expects strong Christmas travelĪfter seeing record revenue over Thanksgiving, Delta Air Lines expects another busy holiday period over the year-end holidays and Christmas, as it targets customers with plenty of disposable income to spend on travel. The hospital plans to submit its formal 90-day notice of the closure, which is required under state law, on or around Jan. Donlan, Former President of Steward Health Care Network, and current CEO of AllaraCare, as an advisor. Unlike ‘non-profit’ systems, Steward does not have a multibillion-dollar investment portfolio to fall back on.” “As a result of these chronic low reimbursement rates, Steward has lost $22 million from NESH operations and cannot afford to keep the facility open. “Nearly 75% of Steward hospital patients are public pay (Medicare and Medicaid) which chronically underpay, sometimes at rates less than the cost of delivering services,” Steward said in a press release this week. A long-term care and rehabilitation hospital intends to shut down due to multi-million-dollar losses, making Stoughton the latest community to lose a health care facility as part of a growing trend throughout the commonwealth.ĭallas-based Steward Health Care, which describes itself as the largest owner of community-based hospitals in Massachusetts and fourth biggest private employer, plans to close its New England Sinai Acute Long-Term Care and Rehabilitation Hospital (NESH) by early April.
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