MGB has a narrow operating cushion and substantial investment resources. Its choices about executive incentives, vendors and labor deserve a clear public explanation.
MGB parent and consolidated system; BWH labor context · Evidence through August 27, 2026
Start with control
Revenue is money coming in before costs. Operating income is what remains after operating costs. Net assets are assets minus liabilities. Keep the organization and year beside each number.
What matters
FY2022-FY2024 Schedule L disclosures total $100.48M to Suffolk Construction, $23.77M to NPP Development, $4.50M to NPS, and $2.09M to InterSystems. The filing calls them ordinary business transactions; it does not show bids, appraisals, recusals, or project ledgers.
The FY2024 consolidated operating margin was 0.22%, while nonoperating gains were $2.002B and the liquidity pool was $16.285B. Investment assets are not automatically recurring wage dollars, but they are real institutional capacity.
Anne Klibanski's FY2024 total compensation was $8.408M, including a $4.284M bonus. Public filings do not show the scorecard, targets, weights, peer group, or committee materials behind it.
The FY2024 parent filing listed $32.97M to Boathouse, $19.42M to Randstad, $26.76M to KPMG, $19.24M to Huron and $17.91M to Accenture. Contracts and deliverables would show what these payments bought and whether the results justified the cost.
After the July strike and lockout, MNA reported on August 11 that MGB viewed talks as a practical impasse and was not scheduling more sessions unless nurses changed their proposal. That is the union's account of bargaining status, not an NLRB finding.
FY2024 direct charity-care cost was $171.2M. Medicaid shortfalls, education, research and other community benefits sit in broader categories. Readers should compare each category with the benefit it is intended to deliver.
MGB cited a budget gap and excessive administrative layers when announcing 2025 management/nonclinical layoffs.
Show how procurement, executive incentives and labor proposals fit the same cost-control standard.
Look at the record
Companion short from the investigation archive. The written record above includes the latest compilation.
Download this short ↓How it unfolded
Partners/BWH paid $10M to resolve federal research-grant allegations after self-disclosure and cooperation.
Massachusetts imposed the first system performance-improvement plan.
Schedule L transactions and CEO compensation reached the figures summarized here.
MGB announced nonclinical/management layoffs while citing a budget gap and excess administrative layers.
More than 4,000 Brigham nurses struck for one day; a four-day lockout followed.
MNA reported a practical bargaining impasse.
Check it yourself
Start with the visual PDF. Go deeper only where you want to. These files belong to this investigation, not a combined hospital report.
Earlier research editions retain their original dates; the visual reader above carries the August 27 compilation.
FY2024 · MGB parent filer · Parts VII, IX and Schedules J/L/O/R
Supports: Governance, compensation, contractors, interested-person transactions
Open source ↗FY2024-FY2025 · MGB consolidated system · Statements and liquidity note
Supports: Operations, assets, investments, liquidity, charity care
Open source ↗2024 · Applicant/affiliates · Affiliated parties filing
Supports: Cross-filing relationship question
Open source ↗2022-2024 · MGB system · Plan and implementation
Supports: Cost-growth intervention and savings program
Open source ↗2026-08-11 · BWH RN bargaining · Union statement
Supports: Attributed bargaining status and priorities
Open source ↗2017 · Partners/BWH · Settlement release
Supports: Allegations, payment, self-disclosure and cooperation
Open source ↗Published August 27, 2026. Historical records keep their original reporting periods. Read our methodology.
