As previously reported in the Hope Star in July, Steward Health Care System LLC, out of Boston, MA, has finally completed its merger with IASIS Healthcare LLC (IASIS), the owners of Wadley Regional Medical Center in Hope as well as Wadley Regional Medical Center of Texarkana and Glenwood Regional Medical Center in West Monroe, Louisiana.

As previously reported in the Hope Star in July, Steward Health Care System LLC, out of Boston, MA, has finally completed its merger with IASIS Healthcare LLC (IASIS), the owners of Wadley Regional Medical Center in Hope as well as Wadley Regional Medical Center of Texarkana and Glenwood Regional Medical Center in West Monroe, Louisiana.
Steward had originally announced the proposed $2 billion deal in late May, and with the deal now confirmed finalized and cleared by federal authorities as of Sept. 29, Steward oversees 36 hospital facilities across ten states, and it has projected revenues of almost $8 billion in 2018 in first full-year of the consolidated company.
In a prepared statement, Dr. Ralph de la Torre, Chairman and CEO of Steward Health Care, said “Steward will be introducing patients, physicians, and employees in six new states to our innovative programs and community commitment model.”
“We look forward to providing the highest quality of care through keeping patients healthy and being available with advanced care in their community, should they need it,” he said.
In a short statement at the time of the announced merger in May, Shelby Brown, regional marketing director for both Wadley facilities in Hope and Texarkana, said “I can say that our daily operations will be business as usual and we will continue our focus on providing great quality care to the community we serve.”
The completed merger now makes Steward the largest private for-profit hospital operator in the country.
In previous public statements in July, de la Torre said “Our model shows how the industry can successfully shift toward a more cost-effective local, coordinated approach that puts patients first.”
As tested and documented in several of its Massachusetts markets, the “Steward System” emphasizes an incentive-based care model, which health providers earn more money when they stay under budget and still meet quality standards.
“Our physician-driven accountable care model focused on keeping patients healthy is transforming the health care industry as this transaction demonstrates,” de la Torre said.