Merger Would Make Steward Health Care The Largest Private For-Profit Hospital Operator
Boston-based Steward Health Care System announces that it will acquire Franklin, Tenn.-based IASIS Healthcare for $2 billion.
Steward Health Care Merges With Tenn. Hospital System
Steward Health Care System, founded almost seven years ago to rescue a group of struggling Massachusetts hospitals, is making its biggest move yet to become a national player in the competitive for-profit hospital industry. Steward on Friday announced a nearly $2 billion deal with IASIS Healthcare of Franklin, Tenn., which would make it the largest private for-profit hospital operator in the country. (Dayal McCluskey, 5/19)
With Latest Acquisition, Steward Set To Become Largest U.S. For-Profit Hospital Operator
Boston-based Steward Health Care said Friday it will become the largest private for-profit hospital operator in the United States after it buys a Tennessee-based health care company. First reported by The Wall Street Journal, Steward will acquire IASIS Healthcare for $1.9 billion, according to a source familiar with the transaction. (Zimmerman and Cain, 5/19)