NEC member Steward Health Care recently purchased 36 hospitals outside of Massachusetts as part of a $2 billion deal.
The Boston-based company says that the acquisition of hospitals from Tennessee to Arizona will make the Steward Health Care System the largest private for-profit hospital operator in the country. Steward has been in Massachusetts for seven years since it bought the struggling Caritas Christi Hospitals which included Carney Hospital in Dorchester and St. Elizabeth’s Medical Center in Brighton. In May, Steward announced the acquisition of these additional hospitals, which represents almost $8 billion in revenue for the company.
“This merger enables Steward to expand our successful, physician-led, integrated care model,” said Dr. Ralph de la Torre, Steward’s chief executive. “We look forward to providing the highest quality of care through keeping patients healthy and being available with advanced care in their community, should they need it.”
The New England Council congratulates Steward on continuing to expand beyond Massachusetts. Read more in The Boston Globe.