Steward Health Care is the second largest healthcare system in New England. It was established when the Caritas Christi Health Care system was sold to the private equity firm Cerberus Capital Management in 2010; Cerberus converted Caritas to a for-profit company and renamed it Steward Health Care System. Steward Health Care has 17,000 employees, over 2,000 hospital beds across 11 hospitals, and serves more than 150 communities. Steward Health Care is led by CEO Ralph de la Torre, MD, and located in Boston. The System is still owned by Cerberus Capital Management. The Systems business model is based on being a low-price leader in the provision of high quality care. Consistent with this model, the System has taken steps to reduce the direction of surgical patients toward teaching hospitals in the Boston area. The System has also worked with payers to negotiate patient group-oriented budget pricing. As of 2012[update], the largest of the hospitals in the Steward system is St. Elizabeths Medical Center in terms of total patient volume (several other hospitals have equal or greater inpatient bed capacity).
Highest paying job titles at Steward Health Care include Pharmacist, Case Management Director, and Clinical Pharmacist