Health care

Steward acquires New England Sinai

COURTESY NEW ENGLAND SINAI HOSPITAL
STEWARD HEALTH Care Systems has agreed to buy Stoughton-based New England Sinai Hospital (pictured above) – a 212-bed facility that treats patients recovering from serious illnesses or accidents after they leave other hospitals.
Posted 4/4/12

STOUGHTON – Steward Health Care Systems has agreed to buy Stoughton’s New England Sinai Hospital – a 212-bed facility that treats patients recovering from serious illnesses or accidents after they leave other hospitals, the Boston Globe reported.

Fast-growing, for-profit Steward intends to use New England Sinai to strengthen its “continuum of care” and lower costs by moving patients to the facility from more expensive hospitals.

“We want to be a long-term acute-care provider not only for the Steward hospitals but for other facilities in the state,” Josh Putter, chief operating officer at Boston-based Steward, told the Globe. “We’re really excited about being able to provide another level of care to our patients.”

Steward, which already owns 10 community hospitals and doctors groups across Eastern Massachusetts, plans to retain all of New England Sinai’s employees.

In addition, the chain is waiting for changes to Rhode Island’s Hospital Conversions Act as well as approval by state regulators of its deal to buy Landmark Medical Center in Woonsocket to complete the purchase, which was announced last year.

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • 40 Under Forty
    We're almost sold out. The 10th Anniversary of 40 Under Forty, and PBN is planni ...
  • Healthiest Employers
    See who the Healthiest Employers in RI are! And save the date - August 14th - at ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement