Southcoast Health has become the first Massachusetts health care provider to express interest in acquiring a hospital from Steward Health Care, the troubled for-profit companySouthcoast is targeting Steward’s St. Anne’s Hospital in Fall River. The health system operates Charlton Memorial Hospital in Fall River, St. Luke’s Hospital in New Bedford, Tobey Hospital in Wareham and several medical practices serving residents of southeastern Massachusetts and Rhode Island.
Data from the state Center for Health Information and Analysis shows Southcoast lost money on operations in 2022, the most recent year for which data is available, while St. Anne’s Hospital was profitable. However, it’s unclear how St. Anne’s fits into Steward’s broader financial picture because Steward has
By January, Steward was $50 million behind on rent to its landlord, an Alabama real estate firm called Medical Properties Trust, or MPT,On Friday, U.S. Senators Elizabeth Warren and Ed Markey of Massachusetts sent a letter to Steward Chairman and CEO Ralph de la Torre demanding answers about his role in a series of transactions they called"
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