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Hurricane Helenes destruction stretches from Florida, through Georgia, and over to the east coast. That means homes, businesses, and automobiles have either been damaged or totaled.
Tension between Chicago Public Schools CEO Pedro Martinez and Mayor Brandon Johnson continued to grow for yet another day on Monday, with the mayor denying he…
Negotiations appear to be going down to the wire for deals to sell and save Steward Health Care’s surviving Massachusetts hospitals.Transactions facing a deadline of Oct. 1 included Lifespan’s purchase of Morton Hospital and Saint Annes 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.Gov. Maura Healey on Friday formally seized St. Elizabeths Medical Center in Boston for $21.9 million through eminent domain to keep the hospital open. BMC will become that hospital’s new operator. Massachusetts officials confirmed plans to spend at least $417 million to support the hospitals over three years after they are transferred to new ownership and said the state spent another $72 million to keep the facilities open through August and September. During Sunday’s hearing, a representative of BMC told the judge that his organization is paying just $1 for the operating assets of each of the two hospitals. He said the hospitals actually have negative financial value and that their agreement to run the facilities is predicated on their agreement with the state to continue providing funding.Carney Hospital and Nashoba Valley Medical Center closed at the end of August after Steward did not find qualified bidders.The future of Norwood Hospital, which was under construction, remains unclear.Steward CEO Dr. Ralph de la Torre, who was previously the CEO of Boston-based Caritas Christi Health Care and a cardiac surgeon at Beth Israel Deaconess Medical Center, is leaving the company effective Oct. 1.
Employers have been warned they need to have plans in place now before auto-enrolment comes into effect in 2025
Residents and business owners who sustained losses can begin to apply for FEMA assistance.
SPOKANE, Wash. – The Washington State Department of Commerce is working urgently to secure additional funding for the state’s electric vehicle (EV) rebate program. The program, designed to assist low-income drivers in leasing or purchasing EVs, has seen unexpected popularity, causing funds to run out sooner than anticipated. Initially expected to last until next spring,
The Harris County Flood Control District is holding meetings starting Monday to inform the public about a proposed tax rate increase on the ballot.
Eversource workers from Connecticut headed to Virginia to help restore power in the wake of Helene.
Ports prepare to close for a strike, EV sales have stalled, and a new cybersecurity threat. Here’s the Morning Business Report for Sept. 30.
Authorities say the incident happened when the plane hit some trees during its second approach to the runway, resulting in a crash and fire.
Consumers may soon have trouble finding some of their favorite products if a potential strike goes through.