Steward Health Care System is a medical network that operates hospitals and medical facilities across the United States. The ownership of Steward Health Care System is a complex and evolving landscape, with a variety of entities having a stake in the organization.
Initially founded in 2010 and based in Boston, Steward Health Care System was established as a for-profit health care provider. Its ownership has since undergone several changes. In 2017, Steward Health Care System was acquired by Medical Properties Trust (MPT), a real estate investment trust specializing in healthcare facilities. The acquisition came as part of an agreement that saw MPT investing over $1.2 billion in Steward Health Care System, effectively becoming its largest landlord.
Despite its acquisition by MPT, Steward Health Care System still operates as an independent entity. The organization is governed by a board of directors and has its own management team, overseeing day-to-day operations. This allows Steward Health Care System to maintain its autonomy despite having financial ties to MPT.
Furthermore, there are reports suggesting that Steward Health Care System is exploring the possibility of going public through an initial public offering (IPO). This would allow the organization to raise additional funds and potentially change its ownership structure. However, as of the time of writing, no concrete plans for an IPO have been announced.
In conclusion, Steward Health Care System is currently owned by Medical Properties Trust, a real estate investment trust. However, the organization operates independently, maintaining its own governance and management. The potential for an IPO in the future could further alter its ownership landscape.
Founded in 2010, Steward Health Care is the largest physician-owned health care network with more than 5,500 providers and 43,000 health care professionals caring for 12.3 million patients a year through its global network of hospitals, urgent care centers, skilled nursing facilities and behavioral health services.Aug 2, 2021
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