Steward Health Care System
|Predecessor||Steward Health Care System|
|Founder||Ralph de la Torre|
|Massachusetts, Arizona, Arkansas, Colorado, Florida, Louisiana, Ohio, Pennsylvania, Texas, Utah and Malta.|
|Ralph de la Torre, MD CEO/President/Founder|
|Owner||Cerberus Capital Management|
Number of employees
|Footnotes / references|
Steward Health Care is the largest physician-led, private, for profit health care network in the U.S. — attending to 2.2 million people during more than twelve million physician and hospital visits annually. Headquartered in Dallas, Steward’s integrated health care model employs 40,000 people at thirty six hospitals and hundreds of urgent care, skilled nursing, and primary and specialty care medical practice locations across eleven states and the country of Malta. Steward Health Care is led by CEO Ralph de la Torre, MD, a Cuban-American physician, engineer and cardiac surgeon.
Steward Health Care was started by Ralph de la Torre, MD, when Caritas Christi Health Care system was sold to the private equity firm Cerberus Capital Management in 2010; after the transaction, Caritas was converted to a for-profit company and renamed Steward Health Care.
The company covers approximately three million full-risk patients through its integrated care network, hospitals, managed care and health insurance services in Arizona, Arkansas, Florida, Louisiana, Massachusetts, New Hampshire, New Jersey, Ohio, Pennsylvania, Texas, and Utah, as well as in Malta.
In September 2016, The Boston Globe reported Steward Health Care System had made a deal to expand its operations. Steward lined up $1.25 billion from a real estate investment firm that will help the Boston-based company finance a national expansion, pay off debt, and return money to the private equity firm that bought it in 2010. Steward said Medical Properties Trust would buy all of its hospital properties for $1.2 billion, lease the properties back to Steward, and pay $50 million for a five percent equity stake in the company. The deal became final in September, 2017.
In February 2017, Steward Health Care acquired eight hospitals from Community Health Systems, including three hospitals in Ohio, two in Pennsylvania and three in Florida.
In May 2017, Steward announced a proposed merger with Iasis Healthcare, headquartered in Franklin, Tennessee, making Steward the largest private for-profit hospital operator the largest in the United States. The merger made Steward the parent organization to thirty six hospitals across ten states, with revenues of nearly $8 billion.
Steward intended to become a low-price leader in the provision of high quality care. Consistent with this model, the System had taken steps to reduce the direction of surgical patients toward teaching hospitals in the Boston area. The System has also worked with payers to negotiate patient group-oriented budget pricing.
Steward comprises Steward Medical Group and Steward Health Care Network, its network of primary care and specialty providers.
Additional Steward services include Steward Health Choice, a managed risk platform which covers lives in Arizona, Massachusetts and Utah.
|Hospital||Location||Bed count||Emergency Department||Founded||Notes|
|St. Elizabeth's Medical Center||Brighton, MA||252||Yes||1868||Founded by Third Order of St. Francis. Steward's tertiary care center.|
|Carney Hospital||Dorchester, MA||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, MA||267||Yes||1993||Merger of Cardinal Cushing General Hospital and Goddard Memorial Hospital|
|Holy Family Hospital||Methuen, MA||261||Yes||1950||Formerly Bon Secours Hospital, founded by Sisters of Bon Secours.|
|Norwood Hospital||Norwood, MA||264||Yes||1902||Formerly Willett Cottage Hospital|
|Saint Anne's Hospital||Fall River, MA||160||Yes||1906||Founded by Dominican Sisters of the Presentation|
|Holy Family Hospital at Haverhill||Haverhill, MA||122||Yes||1887||Formerly Merrimack Valley Hospital and Hale Hospital|
|Nashoba Valley Medical Center||Ayer, MA||57||Yes||1964||Formerly Beth Israel Deaconess-Nashoba|
|Quincy Medical Center||Quincy, MA||196||Yes||1890||Main hospital closed. ER is open and used as a satellite facility of Carney Hospital|
|Morton Hospital and Medical Center||Taunton, MA||152||Yes||1888||Formerly Morton Hospital & Medical Center|
|New England Sinai Hospital||Stoughton, MA||212||No||NESH is a long-term post-acute rehab hospital.|
|Davis Hospital and Medical Center||Layton, UT||220||Yes||1976|
|Jordan Valley Medical Center||West Jordan, UT||172||Yes||1983|
|Jordan Valley Medical Center- West Valley||West Valley City, UT||102||Yes||1963||formerly Pioneer Valley Hospital|
|Mountain Point Medical Center||Lehi, UT||40||Yes||2015||Opened in 2015 as a newly constructed campus of Jordan Valley Medical Center|
|Salt Lake Regional Medical Center||Salt Lake City, UT||158||Yes||1883||Formerly Holy Cross Hospital founded by Sisters of Holy Cross|
|Mountain Vista Medical Center||Mesa, AZ||178||Yes||Operates as a campus of St. Luke's Medical Center|
|St. Luke's Medical Center||Phoenix, AZ||200||Yes|
|St. Luke's Behavioral Health Center||Phoenix, AZ||124||No|
|Tempe St. Luke's Hospital||Tempe, AZ||87||Yes||Operates as a campus of St. Luke's Medical Center|
|Odessa Regional Medical Center||Odessa, TX||225||Yes||1975|
|Southwest General Hospital||San Antonio, TX||327||Yes|
|St. Joseph Medical Center||Houston, TX||790||Yes||1887|
|The Medical Center of Southeast Texas||Port Arthur, TX||199||Yes|
|The Medical Center of Southeast Texas—Victory Campus||Beaumont, TX||17||Yes||2005|
|Wadley Regional Medical Center||Texarkana, TX||370||Yes||1900|
|Glenwood Regional Medical Center||West Monroe, LA||278||Yes||1962|
|Wadley Regional Medical Center at Hope||Hope, AR||79||Yes|
|Easton Hospital||Easton, PA||196||Yes|
|Sharon Regional Medical Center||Sharon, PA||220||Yes|
|Melbourne Regional Medical Center||Melbourne, FL||119||Yes||2002|
|Rockledge Regional Medical Center||Rockledge, FL||298||Yes||1941|
|Sebastian River Medical Center||Sebastian, FL||150||Yes||1974|
|Trumbull Regional Medical Center||Warren, OH||346||Yes|
|Hillside Rehabilitation Hospital||Warren, OH||69||No|
|Gozo General Hospital||Victoria, Malta||270||Yes|
|Karin Grech Hospital||Pieta, Malta||No|
- "Ralph de la Torre M.D." Bloomberg L.P. February 21, 2019.
- Jessica Bartlett (August 28, 2018). "Steward Health Care officially moves HQ to Dallas". Boston Business Journal.
- Kacik, Alex (2017-10-02). "Steward closes $2B acquisition of Iasis' 18 hospitals". Modern Healthcare. Retrieved 2017-10-03.
- McCluskey, Priyanka Dayal (2018-02-23). "Steward Health Care to move top executives to Dallas". The Boston Globe. Retrieved 2018-02-24.
- "Steward Health Care". Steward Health Care. Retrieved September 25, 2012.
- Liz Kowalczyk (September 17, 2012), "Steward hires away top surgeon from Mass. General", The Boston Globe, Business section, bostonglobe.com, retrieved September 25, 2012
- Priyanka Dayal McCluskey (September 26, 2016). "Steward gets $1.25b to fund expansion, repay Cerberus". The Boston Globe.
- "First Choice Healthcare Solutions Announces Strategic Partnership and Equity Investment with Steward Health Care". GlobeNewswire. February 7, 2018.
- Jessica Bartlett (September 29, 2017). "Steward closes deal to acquire 18 hospitals in six states". Boston Business Journal.
- Melanie Evans (September 29, 2017). "Community Health Sells Eight Hospitals to Steward Health Care". The Wall Street Journal.
- Dayal McCluskey, Priyanka (2017-05-19). "Steward Health Care merges with Tenn. hospital system". The Boston Globe. Retrieved 2017-05-19.
- Beth Jones Sanborn (December 11, 2018). "Steward Health Care Network workflow automation yields 161% increase in care coordination". Healthcare Finance.
- "Steward Health Completes Acquisition Of IASIS Healthcare". PR Newswire. September 29, 2017.
- Encarnacao, Jack. "Births to return to Quincy Medical Center". The Patriot Ledger, Quincy, MA.
- "Learn More About Easton Hospital | Easton PA". www.easton-hospital.org. Retrieved 5 September 2019.
- "Learn About Sharon Regional Medical Center | Sharon PA". www.sharonregionalmedical.org. Retrieved 5 September 2019.
- "Melbourne Regional Medical Center | A Steward Hospital | Melbourne FL". www.melbourneregional.org. Retrieved 5 September 2019.
- "Rockledge Regional Medical Center | A Steward Hospital | Rockledge FL". www.rockledgeregional.org. Retrieved 5 September 2019.
- "Sebastian River Medical Center | A Steward Hospital | Sebastian FL". www.sebastianrivermedical.org. Retrieved 5 September 2019.
- "Learn About Sebastian River Medical Center | Sebastian FL". www.sebastianrivermedical.org. Retrieved 5 September 2019.
- "Learn About Trumbull Regional Medical Center | Warren OH". www.trumbullregional.org. Retrieved 5 September 2019.
- "Learn About Hillside Rehabilitation Hospital | Warren OH". www.hillsiderehabhospital.org. Retrieved 5 September 2019.
- "International | Steward Health Care". www.steward.org. Retrieved 5 September 2019.
- "Gozo General Hospital: Steward Health Care Malta". www.stewardmalta.org. Retrieved 5 September 2019.
- "International | Steward Health Care". www.steward.org. Retrieved 5 September 2019.
Weisman, Robert (August 12, 2011). "Unions, hospitals face off". Boston Globe.