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Steward Health Care System, considered to be the largest physician-owned health care network in the country, this week sued Medical Property Trust, one of the largest hospital landlords in the nation.
St. Elizabeth's Medical Center in Brighton, MA, which served as Steward's flagship hospital until it was sold in 2024 [19]. Steward Health Care was founded in 2010, when Caritas Christi Health Care was sold to New York private equity firm Cerberus Capital Management, with Caritas CEO and former Beth Israel Deaconess Medical Center heart surgeon Ralph de la Torre continuing as CEO of the new ...
A few days ago, Steward extended the bid deadline for all of its Florida hospitals to Aug. 26. The hospital sales are part of the healthcare giant’s plan to thin debt after filing for bankruptcy ...
Bankrupt hospital operator Steward Health Care received a bankruptcy judge’s approval on Friday to sell its nationwide physician network to a private equity buyer while its stalled efforts to ...
The Steward Health Care System. The Steward Health Care System (SHCS) is a private, for-profit company that operates more than 30 hospitals in nine states, including 25 urgent care centers and 107 ...
Patricia Silvia of Fall River holds a sign in support of Saint Anne's Hospital in Fall River at a rally pushing for secure ownership of Steward Health Care facilities, on Thursday, April 25, 2024.
Healey said saving Saint Anne’s, and other former Steward hospitals statewide, was a group effort involving advocacy from local and state officials and legislators, and nonprofit buyers.
In 2016, the hospital's property was sold by Steward to Medical Properties Trust, along with the vast majority of the hospital system's real estate nationwide.The sale was part of a sale-leaseback deal which would see a large influx in cash for the hospital system to pay for national expansion and investor dividends, in exchange entering the hospitals into triple-net leases.