Steward Health Care - M&A Summary and Business Overview

Healthcare ServicesCompany

Steward Health Care M&A Summary

Steward Health Care has acquired 8 companies. A total of 5 acquisitions came from private equity firms. It has also divested 4 assets.

Steward Health Care’s largest acquisition to date was in 2011, when it acquired Morton Hospital and Medical Center for $59M. It’s largest disclosed sale occurred in 2022, when it sold Steward Health Care System - Medicare Value-Based Care Business to CareMax for $25M. Steward Health Care has acquired in 3 different US states. The Company’s most targeted sectors include healthcare services (100%).

Steward Health Care Business Overview

Where is Steward Health Care headquartered?

Steward Health Care is headquartered in Dallas, Texas.

What sector is Steward Health Care in?

Steward Health Care is a healthcare services company.

When was Steward Health Care founded?

Steward Health Care was founded in 2010.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity4
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10
  • M&A Advisors 4

Steward Health Care

Steward Health Care System

1900 N. Pearl StreetSuite 2400,
Dallas, Texas 75201
United States,
(469) 341-8800
www.steward.org

Steward Health Care is the largest private, tax-paying physician-led health care network that operates 37 hospitals in the United States and the country of Malta that regularly receive top awards for quality and safety. Steward Health Care was founded in 2010 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $97M $97M
Sell (0.6/yr) # 1 - 1 1 1 - 4
vol $25M $25M
  8

Most Recent M&A

Company Date Value Type
Steward Health Care System - Utah Care Sites 2023-02-15 - Divestiture
Lehi, Utah
Steward Health Care System - Medicare Value-Based Care Business 2022-06-01 25M USD Divestiture
Dallas, Texas
Steward Health Care - Five Utah Hospitals 2021-09-20 - Divestiture
Dallas, Texas
Steward Health Choice Arizona 2019-11-07 - Divestiture
Phoenix, Arizona · www.stewardhealthchoiceaz.com
IASIS Healthcare Corp. 2017-09-29 - Merger
Franklin, Tennessee · www.iasishealthcare.com
Community Health Systems, Inc. - Eight Hospitals 2017-02-16 - Divestiture
, United States
Quincy Medical Center, Inc. 2011-09-30 38M USD Add-on Acquisition
Quincy, Massachusetts
Morton Hospital and Medical Center 2011-04-01 59M USD Add-on Acquisition
Taunton, Massachusetts · www.mortonhospital.org
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 4 (100%) 97M (100%) 3 (75%) 25M (100%)
Insurance - - 1 (25%) -
Total 4 $97M 4 $25M

By Geo

State/Country Buy Value Sell Value
United States 4 97M 4 25M
  Massachusetts 2 97M - -
  Texas - - 2 25M
  Tennessee 1 - - -
  Utah - - 1 -
  Arizona - - 1 -
Total 4 $97M 4 $25M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
Leerink Partners
 1
SVB Securities LLC
 1
Legal Deals
Sidley
 1

Deal Values

buy # Total
< $100M 2 $97M
TOTAL $97M
Largest Morton Hospital and Medical Center
$59M (2011-04-01)
sell # Total
< $100M 1 $25M
TOTAL $25M
Largest Steward Health Care System - Medicare Value-Based Care Business
$25M (2022-06-01)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Healthcare Services

Established

2010

Former Name

Caritas Christi Health Care

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