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The Boston Globe


Steward hospitals continues to lose money

Steward Health Care System continues to lose money on its hospitals more than two years after the company was created by a private equity firm to take over the former Caritas Christi Health Care chain in eastern Massachusetts, according to newly released state figures.

Nine of Steward’s 10 hospitals were unprofitable in the January-to-March quarter, including its two Boston hospitals. St. Elizabeth’s Medical Center in Brighton posted a quarterly loss of about $667,000, while Carney Hospital in Dorchester registered a deficit of $2.7 million. Quincy Medical Center, which Steward acquired in 2011, reported the system’s largest loss — $5.6 million. Saint Anne's Hospital in Fall River was the only profitable Steward hospital, with earnings of $4.7 million.

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