Steward Health acquires IASIS Healthcare

Steward Health Care System LLC has completed a previously announced agreement to merge operations with IASIS Healthcare LLC (IASIS). As the sole operator of the newly merged company, Steward will oversee 36 individual hospitals across 10 states – including the Medical Center of Southeast Texas in Port Arthur and the Victory Campus in Beaumont — making it the largest private hospital operator in the U.S., according to a release by the company.

“This merger enables Steward to expand our successful, physician-led model that keeps patients healthy and close to home,” said Dr. Ralph de la Torre, chairman and CEO of Steward Health Care. “We look forward to introducing patients, physicians and employees throughout Texas to our high-quality care, innovative programs, and community commitment.”

Steward assumes operations at six Texas hospitals including the Medical Center of Southeast Texas in Port Arthur, the Victory Campus in Beaumont, Odessa Regional Medical Center in Odessa, Southwest General Hospital in San Antonio, St. Joseph Medical Center in Houston, and Wadley Regional Medical Center in Texarkana.

Steward says its doctors and staff deliver nationally recognized hospital care focused on quality and safety, prioritizing preventative health to minimize acute care and lower costs. The company is committed to strengthening the health and well being of the Texas communities these hospitals serve through innovative programs.

The total number of covered lives within Steward’s integrated care network and insurance products is more than 1.1 million, with paneled lives estimated at 2.5 million.

In addition, Steward has managed care operations in Arizona, Utah and Massachusetts, and projected revenues of almost $8 billion in 2018, the first full-year of the consolidated company. As the largest private hospital operator in the U.S., Steward has approximately 37,000 employees, 1,400 employed physicians, and 4,700 network aligned physicians.

Several of the hospitals joining Steward operate in partnership with physician owners.

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