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#Steward hospitals software#
In August, HCA announced a deal with venture capital firm General Catalyst to sell off its healthcare app development firm PatientKeeper, a provider of EHR optimization software solutions, to General Catalyst's portfolio company, Commure. Nashville-based HCA Healthcare has 187 hospitals and approximately 2,000 ambulatory sites of care, including surgery centers, freestanding ERs, urgent care centers, and physician clinics, in 20 states and the United Kingdom. Steward's ACO model is among the largest in the United States and second in shared savings for the Medicare Shared Savings Program in 2020, de la Torre said. Steward Health Care Chairman and CEO Ralph de la Torre said, "For Steward, this transaction frees up additional capital to more deliberately invest in its accountable care model by reinvesting in risk-based opportunities and healthcare expansion." The sale of these facilities to HCA Healthcare will enhance Steward Health Care's ability to continue growing and reinvesting in other states, the organization said. Steward operates 36 community hospitals across the United States and the country of Malta, and employs more than 40,000 health care professionals. We are committed to delivering and providing the highest caliber of patient care within our communities. "We believe the addition of these facilities will help us improve healthcare network options for patients and enable investment in services to meet increasing demand for healthcare."ĭallas-based Steward Health Care also operates hospitals in Arizona, Texas, Arkansas, Louisiana, Florida, Ohio, Pennsylvania and Massachusetts. Steward Medical Group is a physician-led multispecialty organization with more than 1,700 providers who are dedicated to taking care. Steward Health Care is the nation’s largest private, for-profit physician-led health care system. "Utah is one of the fastest-growing areas in the country, and the state's need for healthcare continues to increase," said Sam Hazen, CEO of HCA Healthcare. MPT's purchase price of $1.2 billion for the Utah hospitals places HCA Healthcare among its five largest tenants, MPT said.Įarlier this month, Medical Properties Trust and Steward amended their agreement for a new 20-year term through 2041, according to MarketWatch. Medical Properties Trust also announced an agreement to lease substantially all of its Utah hospitals to HCA Healthcare, following HCA's purchase of the operations of the five Utah facilities from the Steward Health Care System. HCA will lease the related real estate, which includes land and buildings, from owner Medical Properties Trust following the expected closing. Conveniently access your workplace benefit plans such as 401k(s) and other savings plans, stock options, health savings accounts, and health insurance. The hospitals will become part of HCA Healthcare's Mountain Division, which includes 11 hospitals in Utah, Idaho and Alaska.
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HCA Healthcare is acquiring the operations of five Utah hospitals from Steward Health Care, the organizations have announced.