Steward Health Care System

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Steward Health Care
Industry Healthcare
Predecessor(s) Steward Health Care System
Founded 2010
Founder(s) Cerberus Capital Management
Headquarters Boston, US
Area served New England
Key people Ralph de la Torre,MD CEO/President
Owner(s) Cerberus Capital Management
Employees 17,000
Website Official website

Steward Health Care is the second largest healthcare system in New England. It was established when the Caritas Christi Health Care system was sold to the private equity firm Cerberus Capital Management in 2010; Cerberus converted Caritas to a for-profit company and renamed it Steward Health Care System.[1] Steward Health Care has 17,000 employees, over 2,000 hospital beds across 11 hospitals, and serves more than 150 communities.[1] Steward Health Care is led by CEO Ralph de la Torre, MD,[2] and located in Boston. The System is still owned by Cerberus Capital Management.[2]

Business model[edit]

The System's business model is based on being a low-price leader in the provision of high quality care.[2] Consistent with this model, the System has taken steps to reduce the direction of surgical patients toward teaching hospitals in the Boston area.[2] The System has also worked with payers to negotiate patient group-oriented budget pricing.[2]

Hospitals[edit]

As of 2012, the largest of the hospitals in the Steward system is St. Elizabeth's Medical Center in terms of total patient volume (several other hospitals have equal or greater inpatient bed capacity).[2]

Hospital Location Bed count Emergency Department Founded Notes
St. Elizabeth's Medical Center Brighton 252 Yes 1868 Founded by Third Order of St. Francis. Steward's tertiary care center.
Carney Hospital Dorchester 150 Yes 1863 Founded by Daughters of Charity of Saint Vincent de Paul and Andrew Carney.
First Catholic hospital in New England.
Good Samaritan Medical Center Brockton 267 Yes 1993 Merger of Cardinal Cushing General Hospital and Goddard Memorial Hospital
Holy Family Hospital Methuen 261 Yes 1950 Formerly Bon Secours Hospital, founded by Sisters of Bon Secours.
Norwood Hospital Norwood 264 Yes 1902 Formerly Willett Cottage Hospital
Saint Anne's Hospital Fall River 160 Yes 1906 Founded by Dominican Sisters of the Presentation
Merrimack Valley Hospital Haverhill 122 Yes 1887 Formerly Hale Hospital
Nashoba Valley Medical Center Ayer 57 Yes 1964 Formerly Beth Israel Deaconness-Nashoba
Quincy Medical Center Quincy 196[3] Yes ????
Morton Hospital and Medical Center Taunton 152 Yes 1888 Formerly Morton Hospital & Medical Center
New England Sinai Hospital Stoughton 212 No NESH is a long-term post-acute rehab hospital.

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Other facilities[edit]

Non-acute Steward facilities which offer a variety of services include Steward Home Care and the Steward Medical Group.[1]

References[edit]

  1. ^ a b c "Steward Health Care". Steward Health Care. Retrieved September 25, 2012. 
  2. ^ a b c d e f Liz Kowalczyk (September 17, 2012), "Steward hires away top surgeon from Mass. General", The Boston Globe, Business section, bostonglobe.com, retrieved September 25, 2012 
  3. ^ [1]

See Also[edit]

Partners HealthCare

Further Reading[edit]

Weisman, Robert (August 12, 2011). "Unions, hospitals face off". Boston Globe.