Staff photo / R. Michael Semple A man left Trumbull Regional Medical Center on Thursday. Trumbull County Commissioner Denny Malloy and Warren Mayor Doug Franklin said financial issues facing the hospital's owner, Texas-based Steward Health, are affecting the medical services available at the facility. I am concerned about the impact it will have. TRMC is at the center of two lawsuits filed by local businesses claiming they are owed thousands of dollars in unpaid bills.
WARREN — Trumbull County Commissioner Denny Malloy and Warren Mayor Doug Franklin, in an open letter to the public, address Steward Healthcare System's financial woes and how they affect health care delivery at Trumbull Regional Medical Center. expressed concern about the potential for negative impacts.
The letter describes discussions that began several months ago with stakeholders. “To understand the quality of health care now and in the future.” Offered by many providers in Trumbull County “Focus on the Lord” Trumbull Regional Downtown and other properties owned by Texas-based Steward Health.
Future consultations will focus on several priorities, the letter said. Careers and jobs for employees in the Trumbull area and other Steward facilities. Protecting the tax base of the city, county, and Warren schools. Prevent real estate that provides health care from being abandoned.
“We are considering a number of options that could lead to a positive outcome for everyone.” The letter says: “This process will not be easy, but we are looking forward to meaningful engagement with the many business, community, health care and government leaders who are committed to maintaining the quality of care we are accustomed to throughout the Mahoning Valley.” We will work tirelessly to foster dialogue.”
Steward Health also operates Hillside Rehabilitation Hospital in Howland and Sharon Regional Medical Center in Sharon, Pennsylvania.
finance
In January, the Texas health system, which operates more than 30 hospitals in eight states, including Trumbull County in Ohio and Mercer County in Pennsylvania, announced it would receive $50 million from its landlord, Alabama, at the end of 2023. There were reports that the tenant was in arrears with rent payments. Based in Medical Trust Properties Inc., he is one of the world's largest owners of hospital real estate.
And in February, the system announced measures that will allow organizations to: “Emerging as a sustainable business” This includes a $150 million cash injection to provide additional liquidity as the company moves toward the sale of its physician group Stewardship Health, according to a press release. It is said that
Other points of the plan include selling non-core assets, as well as selling non-essential assets and reducing the company's non-patient footprint, the release said.
The company has also engaged global consulting firm Alix Partners to advise on Steward's restructuring in the Northeast region, the release said. Earlier this week, it was reported that Steward was considering selling nine hospitals in Massachusetts.
In Trumbull County, Trumbull Regional is at the center of two lawsuits filed by local businesses alleging they owe thousands of dollars in unpaid bills from Steward Health.
Niles medical supply company Penn Care claims it owes Steward Health $67,940 for products it provided to Trumbull Regional in late 2021 and 2022, according to a lawsuit in Trumbull County Common Pleas Court. are doing.
The case, filed on January 3, will be presided over by Judge Ronald Rice. A hearing in the case is scheduled for March 26, according to court records.
An earlier lawsuit filed by electrical contractor Bechdel Controls, also of Niles, owes the company $61,674 for electrical work it performed at East Market Street Hospital over several weeks in 2023. claims.
The case, filed Dec. 28, was assigned to Judge Cynthia Rice. A hearing is scheduled for May 14, according to court records.
