Job Description

Location: Steward Medical Group - North
Posted Date: 12/17/2019

Steward Health Care System LLC ("Steward") is a fully integrated, physician-led national health care services organization committed to providing the highest quality of care in the most cost-efficient manner in the communities where our patients live. Steward - the largest privately held health care company in the U.S. - owns and operates 35 community hospitals across nine states, serves over 1,000 distinct communities and employs approximately 40,000 health care professionals. In addition to our hospitals, the Steward provider network includes 4,800 providers, 25 urgent care centers, 87 preferred skilled nursing facilities, substantial behavioral health offerings, over 7,300 hospital beds under management, and approximately 1.5 million full risk covered lives through the company's managed care and health insurance services.

Steward Medical Group (SMG), Inc. is Steward's multi-specialty group practice with over 4,500 employees including over 1,800 physicians and advanced practitioners. SMG operates approximately 450 practice locations throughout Massachusetts, Southern New Hampshire, Rhode Island, New Jersey, Pennsylvania, Ohio, Florida, Utah, Arizona, Texas, Louisiana and Arkansas, and provides more than 4 million patient encounters per year.


Based out of the new Steward Medical Group (“SMG”) headquarters in Watertown, Massachusetts (15 minutes from downtown Boston), SMG is currently recruiting for a Mergers & Acquisitions Associate to join the M&A team. This individual will be responsible for financial analyses of new business opportunities, including but not limited to physician practice acquisitions, joint ventures, other related affiliations, organic initiatives and other ad hoc growth initiatives. The position has high exposure and has ability to influence strategic directions of the organization. As a key member of the M&A team the position will perform the following functions:

Essential functions

  • Prepare financial analyses including:
    • Business Plans including financial pro forma analyses
    • Cash flow projections
    • ROI / DCF models
  • Perform analytics to test assumptions and assertions
  • Research potential targets using various information sources
  • Build a network of internal relationships in various departments across the company, including: operations, physician leadership, legal, finance, accounting and others
  • Manage large amounts of complex due diligence documentation
  • Conduct due diligence of target companies to validate earnings
  • Coordinate with other aspects of the Finance organization (i.e., coordinate with FP&A for budgeting purposeDesired qualifications
  • Bachelor’s degree in business specialty
  • 2-3 years of relevant experience
  • Thorough understanding of accounting
  • Detail-oriented with critical thinking and problem solving ability
  • Ability to handle multiple projects
  • Strong communication skills

Application Instructions

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