Steward Hospital in Phoenix to Close

St. Luke’s Medical Center in Phoenix will close later this month according to a letter posted to the hospital’s website describing “many years of steady patient census decline.” The hospital is in Dallas-based Steward Health Care’s network. The hospital has been serving Phoenix for 100 years, but President James Flinn writes that “St. Luke’s, patient demand has stayed extremely low and our facility remains significantly underutilized.”The letter says that the hospital usually is below 40 percent occupied, with an average of just 70 patients in the 219-bed facility. Emergency department visits are down 16 percent as well. Steward has three… Full Story

Steward Has Lost $592 Million in Two Years, but Revenue is Up

Dallas-based Steward Healthcare experienced $592 in losses over the last two years, according to a report from the Massachusetts Center for Health Information and Analysis. Steward is the largest private, tax-paying hospital operator in the country, with three dozen hospitals in nine states and Malta and 42,000 employees. The report repeatedly stated that Steward had not submitted its financial information as is required by Massachusetts law, but data was obtained through an SEC filing by a real estate investment trust. Steward sued the state in 2017 to keep its financial data secret, the Boston Globe reports. The report showed that most health systems… Full Story

Massachusetts Nurses Settle Unfair Labor Charges Against Steward Hospital

Over 100 registered nurses at a Massachusetts hospital have settled their dispute with Dallas-based Steward Health Care and received wage increases, access to a defined pension and other improvements, the Lowell Sun reports. The nurses had previously filed unfair labor practice charges with the U.S. National Labor Relations Board after the for profit healthcare company issued a threat to close the hospital unless nurses stopped negotiating. Several Massachusetts politicians had spoken in favor of the nurses, the Sun reports. “It’s a great victory for the nurses who stood up for themselves and others in the community,”David Schildmeier, public communications director for… Full Story

Texas Doctor and Steward Hospital in Battle Over Rent, Hospital Records

A Radiation Oncologist in Port Arthur, Texas says he is locked out of his office and unable to access his patient records after the cancer center closed without notice in a Steward Health Care owned hospital, KBMT news reports. But Dallas-based Steward says the physician is involved in an ongoing lawsuit for non-payment of rent and that his claims are false. Dr. Tripp Chaudhury says the facility closed after a dispute over repairs following Hurricane Harvey, and that he cannot access patient records in his private cancer practice. “At this time we don’t have any medical records, they’re all locked in… Full Story

Steward, HCA, and Mayo Team Up to Bring Cheaper Generic Drugs to Patients

With the hope of driving down the cost of life-saving medicines, Dallas-based Steward Health Care helped found Civica Rx, a nonprofit drug company that focuses on generic medicines. Steward joins Mayo Clinic, HCA Healthcare and a total of 800 hospitals nationwide to form a network that will help identify quantities needed for in-demand drugs and develop medications at affordable prices. As an initial effort, Civica wants to help hospitals and healthcare systems obtain 14- generic drugs in 2019. A release says that Civica “acts in the best interest of patients who are at risk during drug shortages that are created… Full Story

AccentCare Inc. Acquires Steward Home Care and Hospice

Steward Home Care and Hospice has been acquired by Dallas-based AccentCare Inc. as of December 31. The acquisition will not impact Steward Home Care’s services, which serve more than 14,000 patients in Massachusetts and New Hampshire. AccentCare, Inc. provides post-acute healthcare and specialized care management before acute episodes. Its services include skilled nursing, rehabilitative therapies, hospice, private duty, care management, and healthcare management services. It employs over 24,000 people in 190 locations and 2,0000 facilities. The purchase of Steward will expand AccentCare’s reach to 16 states and 110,000 patients and clients annually served. Steward Home Care and Hospice was previously owned… Full Story

Dallas-Based Steward Health Care Ratifies Labor Deal With Ohio Nurses

Hospital operator Steward Health Care reached a deal with hospital nurses after the company closed the Northside Regional Medical Center in Youngstown, Ohio. Due to low patient volume, the hospital shut down last week, impacting 468 employees at the facility. The nurse’s union in Ohio negotiated severance packages for the 188 nurses who work there, according to the Youngstown Tribune Chronicle. “Due to the terms of this agreement, we cannot discuss further details,” said Molly Homan, director of communications for the Ohio Nurses Association. As the closing of the hospital approached, Union officials said in August that they hoped to secure packages… Full Story

Dallas-based Steward Health Care Closes Hospital In Ohio

Dallas-based Steward Health Care has officially closed the doors to its Ohio-based Northside Regional Medical Center. The hospital operator, which recently moved its headquarters to Dallas, said in August that it would shutter the operation due to declining patient volumes. Monday was the last day that the hospital accepted ambulances and admissions in the ER and labor and delivery units. Thursday at 12:01 a.m., the hospital officially closed. The move impacts 468 employees, Becker’s Hospital Review reports. “Despite continued investment, Northside Regional Medical Center remains significantly under-utilized — as it has been for many years,” Steward said, as Becker’s reports.… Full Story

Boston Hospital Operator Snags Space for Hundreds of Workers in Richardson

A Boston healthcare company moving its headquarters to downtown Dallas has also taken out about 165,000 square feet in Richardson, according to a market report from CBRE. (See editor’s note below this story). News broke in February that Steward Health Care—the largest private hospital operator in the U.S. after a $2 billion acquisition in October—was headed for Dallas-Fort Worth. The space is in the Galatyn Commons – B building at 2375 N. Glenville Drive, and it’s big enough to hold hundreds of employees. That’s in addition to the company’s three floors at 1900 Pearl St. in Dallas, a space it will… Full Story