Banking & Finance

Gov. Maura Healey said Monday that she lacks the authority to keep two Steward Health Care hospitals open, after the bankrupt company signaled Friday its intent to flout state regulations by prematurely shuttering Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer.

Gov. Maura Healey gave her OK to sweeping statewide policy changes Monday afternoon as part of the overdue fiscal year 2025 budget.

A proposed order filed in the Steward Health Care bankruptcy case outlines a "commitment" from state government in Massachusetts to provide $30 million to support Steward hospitals "as they are transitioned to new operators in the near-term."

Gardner-based GFA Federal Credit Union has appointed a new member to its board of directors as Charles Bowles has announced his retirement following a 40-year tenure with GFA. 

The bankrupt Steward Health Care said Friday that it is closing two of its hospitals here in the next month or so -- Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer -- that received no qualified bids in its sales process.

All of Steward Health Care's Massachusetts hospitals received bids as the for-profit company looks to sell off its facilities during ongoing bankruptcy proceedings, Gov. Maura Healey said Tuesday.

Employees at the Worcester Regional Chamber of Commerce, Shepherd & Goldstein of Worcester, and Nichols College in Dudley are on the up and up.

The SDO plans to amend its citizen requirement to allow immigrants with a legal status to qualify.

UMass Memorial Medical Center in Worcester has partnered with the ​​Framingham nonprofit South Middlesex Opportunity Council to open in February a seven-bed pilot respite program.

Family Health Center of Worcester is one of 12 Massachusetts organizations receiving $360,000 in grants from the Blue Cross Blue Shield of Massachusetts Foundation in support of efforts to improve perinatal care for pregnant people of color.