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Sale of Steward hospitals in Massachusetts expected today as CEO steps down [Video]

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Steward Health Care’s surviving hospitals in Massachusetts are expected to be sold Tuesday as the company’s embattled CEO Ralph de la Torre steps down.Transactions facing a deadline of Oct. 1 included Lifespan’s purchase of Morton Hospital and Saint Anne’s Hospital; Lawrence General Hospital’s purchase of Holy Family Hospital-Methuen and Holy Family Hospital-Haverhill; and Boston Medical Center’s purchase of Good Samaritan. The purchase agreements were originally announced in late August, but parties continued to negotiate on Sunday what lenders should be paid and where the money should come from. Steward filed for Chapter 11 bankruptcy protection on May 6.During an unusual Sunday hearing, a representative of Steward warned that it was “critical” to allow the sales to close because, after Monday, the buyers could potentially walk away from their offers. Also, state funding to keep the hospitals afloat will run out at the end of the month.There is no official word …

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