Steward Health Care System


Steward Health Care is the largest physician-owned, 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-five 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, a Cuban-American physician, engineer and cardiac surgeon.

History

Steward Health Care was started by Ralph de la Torre, 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.
In June 2020, Steward became the nation’s largest physician-owned health care system, after Steward physicians acquired a 90 percent controlling interest in the company.
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.
In October 2017, Steward completed its acquisition of eighteen Iasis Healthcare hospitals in a deal that was reportedly for $2 billion.
In February 2018, Steward announced that its top management will move to Dallas, Texas from Boston.

Business model

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.

Hospitals

HospitalLocationBed countEmergency DepartmentFoundedNotes
St. Elizabeth's Medical CenterBrighton, MA252Yes1868Founded by Third Order of St. Francis. Steward's tertiary care center.
Carney HospitalDorchester, MA150Yes1863Founded by Daughters of Charity of Saint Vincent de Paul and Andrew Carney.
First Catholic hospital in New England.
Good Samaritan Medical CenterBrockton, MA267Yes1993Merger of Cardinal Cushing General Hospital and Goddard Memorial Hospital
Holy Family HospitalMethuen, MA261Yes1950Formerly Bon Secours Hospital, founded by Sisters of Bon Secours.
Norwood HospitalNorwood, MA264Yes1902Formerly Willett Cottage Hospital
Saint Anne's HospitalFall River, MA160Yes1906Founded by Dominican Sisters of the Presentation
Holy Family Hospital at HaverhillHaverhill, MA122Yes1887Formerly Merrimack Valley Hospital and Hale Hospital
Nashoba Valley Medical CenterAyer, MA57Yes1964Formerly Beth Israel Deaconess-Nashoba
Quincy Medical CenterQuincy, MA196Yes1890Main hospital closed. ER is open and used as a satellite facility of Carney Hospital
Morton Hospital and Medical CenterTaunton, MA152Yes1888Formerly Morton Hospital & Medical Center
New England Sinai HospitalStoughton, MA212NoNESH is a long-term post-acute rehab hospital.
Davis Hospital and Medical CenterLayton, UT220Yes1976
Jordan Valley Medical CenterWest Jordan, UT172Yes1983-
Jordan Valley Medical Center- West ValleyWest Valley City, UT102Yes1963formerly Pioneer Valley Hospital
Mountain Point Medical CenterLehi, UT40Yes2015Opened in 2015 as a newly constructed campus of Jordan Valley Medical Center
Salt Lake Regional Medical CenterSalt Lake City, UT158Yes1883Formerly Holy Cross Hospital founded by Sisters of Holy Cross
Mountain Vista Medical CenterMesa, AZ178YesOperates as a campus of St. Luke's Medical Center
St. Luke's Medical CenterPhoenix, AZ200Yes
St. Luke's Behavioral Health CenterPhoenix, AZ124No
Tempe St. Luke's HospitalTempe, AZ87YesOperates as a campus of St. Luke's Medical Center
Odessa Regional Medical CenterOdessa, TX225Yes1975
Southwest General HospitalSan Antonio, TX327Yes
St. Joseph Medical CenterHouston, TX790Yes1887
The Medical Center of Southeast TexasPort Arthur, TX199Yes
The Medical Center of Southeast Texas—Victory CampusBeaumont, TX17Yes2005
Wadley Regional Medical CenterTexarkana, TX370Yes1900
Glenwood Regional Medical CenterWest Monroe, LA278Yes1962
Wadley Regional Medical Center at HopeHope, AR79Yes
Easton HospitalEaston, PA196Yes1890Sold to St.Luke's University Health Network in Allentown/Bethlehem, PA in July 1, 2020
Sharon Regional Medical CenterSharon, PA220Yes
Melbourne Regional Medical CenterMelbourne, FL119Yes2002
Rockledge Regional Medical CenterRockledge, FL298Yes1941
Sebastian River Medical CenterSebastian, FL150Yes1974
Trumbull Regional Medical CenterWarren, OH346Yes
Hillside Rehabilitation HospitalWarren, OH69No
Gozo General HospitalVictoria, Malta270Yes
Karin Grech HospitalPieta, MaltaNo