Steward Health Care System

Steward Health Care
Industry Healthcare
Predecessor Steward Health Care System
Founded 2010
Founder Cerberus Capital Management
Headquarters Boston, US
Area served
 New England
Key people
 Ralph de la Torre,MD CEO/President
Owner Cerberus Capital Management
Number of employees
 17,000
Website www.steward.org

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

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

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]

HospitalLocationBed countEmergency DepartmentFoundedNotes
St. Elizabeth's Medical CenterBrighton252 Yes 1868 Founded by Third Order of St. Francis. Steward's tertiary care center.
Carney HospitalDorchester150 Yes 1863 Founded by Daughters of Charity of Saint Vincent de Paul and Andrew Carney.
First Catholic hospital in New England.
Good Samaritan Medical CenterBrockton267 Yes 1993 Merger of Cardinal Cushing General Hospital and Goddard Memorial Hospital
Holy Family HospitalMethuen261 Yes 1950 Formerly Bon Secours Hospital, founded by Sisters of Bon Secours.
Norwood HospitalNorwood264 Yes 1902 Formerly Willett Cottage Hospital
Saint Anne's HospitalFall River160 Yes 1906 Founded by Dominican Sisters of the Presentation
Holy Family Hospital at Merrimack ValleyHaverhill122 Yes 1887 Formerly Merrimack Valley Hospital and Hale Hospital
Nashoba Valley Medical CenterAyer 57 Yes 1964 Formerly Beth Israel Deaconess-Nashoba
Quincy Medical CenterQuincy196[3] Yes 1890 Closed
Morton Hospital and Medical CenterTaunton152 Yes 1888Formerly Morton Hospital & Medical Center
New England Sinai HospitalStoughton212 No NESH is a long-term post-acute rehab hospital.

Other facilities

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

Quincy Medical Center

After years of multimillion-dollar losses and a rapidly declining patient population, Quincy Medical Center closed in December 2014.[4] In the wake of the hospital’s closure, Steward Health Care announced that it would transition its primary, specialty, and veterans[5] care to a network of local facilities.[6] The healthcare company also announced that it would continue to operate its emergency department at the Quincy Medical Center facility,[7] and that it would provide substantial employee assistance, severance, and job-placement services to Quincy Medical Center staff.[8]

Steward Health Care’s transition plan has received approval from the Massachusetts Department of Public Health and from the Massachusetts Attorney General.[9]

References

  1. 1 2 3 "Steward Health Care". Steward Health Care. Retrieved September 25, 2012.
  2. 1 2 3 4 5 6 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. ↑
  4. ↑ http://www.bostonglobe.com/business/2014/12/26/quincy-medical-center-closes-its-doors-midnight/tU9GOvwImj8n7S1qmz8goN/story.html
  5. ↑ http://weymouth.wickedlocal.com/article/20150112/News/150119313
  6. ↑ http://www.bostonglobe.com/business/2014/11/06/steward-shut-down-quincy-medical-center-largest-massachusetts-hospital-closure-decade/bVl0qPstKwouQLMKQ3UJiI/story.html
  7. ↑ http://www.wcvb.com/health/steward-to-open-satellite-er-at-quincy-medical-center/30266462
  8. ↑ http://www.bostonglobe.com/business/2015/01/14/coakley-requires-steward-maintain-quincy-emergency-room-for-one-year/IG9z474UkEAs6wkQ1qXqbN/story.html
  9. ↑ http://www.bizjournals.com/boston/blog/health-care/2015/01/steward-will-keep-quincy-medical-centers-er-open.html

See also

Partners HealthCare

Further reading

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


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