Asset Sales: Steward is in process and working proactively to immediately sell non-essential assets, including Steward-owned aviation, and, downsizing its non-patient footprint through back-office consolidations – many of which have been completed. In addition, Steward is continuing to actively seek strategic opportunities to divest non-core assets with a focus on improving the system’s liquidity position.

Northeast Restructuring: Steward has retained Alix Partners to advise on a restructuring of Steward to better support their hospitals and continue to deliver high-quality care in community settings. New leadership within the northeast region has been appointed who will continue Steward’s laser focus on patient care and quality. It will be physician led and patient centric every step of the way.


Cooperation and Transparency in Massachusetts:
Steward sent a letter in response Governor Healey on Wednesday, February 21, 2024.

Steward has tried to be transparent, compliant and cooperative over the years in providing a significant amount of detailed and relevant financial documentation to various state agencies and regulatory bodies and moving forward it commits to do even better.

Since November 2023, Steward has worked to comply with every request of the Massachusetts Attorney General’s Office and the EOHHS. It has supplied all of the audited financial statements that have been prepared. Steward has supplied draft statements with footnotes for years where the audit remains incomplete.

Steward has also provided over 613 megabytes of documentation (tens of thousands of pages of information) to the Massachusetts AG office’s and will continue to provide more.

Leadership Communication: Senior Steward representatives intend to meet with public officials in the Commonwealth to discuss the go forward plan for ensuring continued first-class care to its patient population.

About Steward Health Care
Over a decade ago, Steward Health Care System emerged as a different kind of health care company designed to usher in a new era of wellness. One that provides our patients better, more proactive care at a sustainable cost, our providers unrivaled coordination of care, and our communities greater prosperity and stability.

As the country’s largest physician-led, minority-owned, integrated health care system, our doctors can be certain that we share their interests and those of their patients. Together we are on a mission to revolutionize the way health care is delivered - creating healthier lives, thriving communities and a better world.

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