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Steward Health Care is a private health system founded in 2010 by former Caritas Christi CEO Ralph de la Torre. It operates 33 hospitals in the US and has international ventures in Colombia and the Middle East, but filed for bankruptcy in 2024 amid financial issues and legal troubles.
St. Joseph Medical Center (SJMC) is a general acute care hospital in Houston, Texas, founded in 1887 by the Sisters of Charity of the Incarnate Word. It has a history of providing medical care to the city's indigent, victims of disasters, and innovations in plastic surgery and pediatrics.
A for-profit health care service provider in Pennsylvania, with a main hospital in Sharon and clinics in nearby Ohio. It filed for Chapter 11 bankruptcy in May 2024, citing rising costs and insufficient revenue.
Mass General Brigham is a non-profit, integrated health care system in Massachusetts, founded by Massachusetts General Hospital and Brigham and Women's Hospital. It provides medical research, teaching, and patient care, and has an annual revenue of nearly $18 billion and a board of directors with diverse backgrounds.
Carney Hospital was a for-profit community teaching hospital in Boston, Massachusetts, founded in 1863 as the first Catholic hospital in New England. It closed in 2024 after filing for bankruptcy and facing no qualified bids for sale.
Learn about the role and duties of a union representative, also known as a shop steward or a father/mother of the chapel, who defends the interests of workers in a company or organization. Find out the history and variations of this position in different countries and industries.
St. Elizabeth's Medical Center (SEMC) is a for-profit teaching hospital in Brighton, Boston, affiliated with Boston University School of Medicine. It has a history of financial difficulties, lawsuits, and bankruptcy since 2020.
In 2010, Caritas Christi was sold to the private equity firm Cerberus Capital Management, which converted it to a for-profit company and renamed it Steward Health Care System. Cain Brothers acted as Caritas Christi's advisor for this transaction, for which they received Deal of the Year honors from Investment Dealer's Digest.