Stc Healthcare Partners LLC

“Stc healthcare partners has a board of directors and tower health and drexel university each appoint 50%.”

“The business and affairs of stc healthcare partners, llc shall be under the direction of the board of directors (the board). The management of the company shall be vested exclusively in the board, subject to certain powers reserved to the members. The board shall elect the officers of the company at the annual meeting; provided, however, that the board shall elect officers at such other time as necessary to fill a vacancy.”

“The following changes to the company shall require unanimous consent from all members: (a) admission of new or substitute members of the company or a subsidiary; (b) change in, sale, assignment, or other transfer of any membership ownership in the company; (c) relocation of the hospital or establishment of additional company or subsidiary licensed health care facilities; (d) debt issuance by the company beyond materiality thresholds as may be determined by the members; (e) withdrawal or dissociation of any member from the company; (f) amendment of the company's certificate of organization or this operating agreement except as permitted in section 1.3; (g) change in or divergence from the stated mission and purpose of the company; (h) filing of a voluntary petition in bankruptcy or other application for judicial relief from the creditors of the company; (i) reorganization, recapitalization, division, conversion, lease, or exchange of substantially all of the assets, dissolution, liquidation or any other modification of structure or affiliations affecting the autonomy, governance, or operations of the company; and (j) any act outside the ordinary course of the company's activities and affairs.”

“The form 990 is prepared by tower health staff and reviewed by an external tax advisor and posted to a board portal for board members to veiw prior to filing. Members are alerted to information and notices. A paper copy of form 990 is available upon request for any board member unable to view the portal.”

“It shall be the policy of stc healthcare partners, llc to require each board member, officer and key employee to submit in writing to tower health a list of business or other organizations of which the member or member's spouse is an officer, director, member employee or owner (35% or greater share) with which the company might reasonably enter into a relationship or a transaction in which the board member, officer and key employee would have conflicting interests. Each year a copy of the written statement will be sent to the board member for updating and resubmission and by which the board member, officer and key employee shall confirm his or her awareness of this policy.”

“It shall be the process of stc healthcare partners llc to follow the tower health compensation process for executive management. The tower health board of directors has duly appointed an executive compensation committee (the "committee"), which is responsible for the review and approval of all compensation and benefits provided to stc healthcare partners llc's executive management. The committee has adopted a written executive compensation philosophy statement and an executive compensation committee charter governing the work and review process of the committee. The committee follows the procedures described in the philosophy statement and the charter when it reviews and approves the compensation and employee benefits provided to senior management, including the chief executive officer and chief financial officer at stc healthcare partners, llc. The committee's review analyzes every element of compensation, including current and deferred compensation, and benefits, including qualified and non-qualified benefits. The committee conducts its review and approval process at least annually and approves compensation and benefits only to the extent that the committee has concluded that the compensation and benefits constitute no more than reasonable compensation for each executive. The committee consists entirely of disinterested members of the tower health board, and the committee works with an independent compensation consultant to prepare and review in advance comprehensive data showing the compensation provided by similarly situated organizations for functionally similar positions. The committee also prepares a timely and thorough written record of its deliberations and conclusions. As a result, the committee's review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules.”

“Same response as line 15a which includes key employees.”

“The organization does not make its governing documents, conflict of interest policy and financial statements available to the public.”

“Website: https://towerhealth.org/locations/st-christophers-hospital- children stc opco, llc (st. Christopher's hospital for children) provides a full range of high-quality healthcare services to all children and youth up to age 21 who seek our care or who are referred to us. We serve as the primary academic affiliate of drexel university for pediatric medicine academic and research activities, including the teaching of drexel university college of medicine (ducom) medical students and other health care professionals and training of graduate medical professionals (residents and fellows) by ducom faculty at st. Christopher's hospital for children facilities, and any other educational activities, training programs, or schools of instruction with other educational institutions related to rendering care to the sick and injured or the promotion of health. Stc pediatrics, llc works collectively with st. Christopher's hospital for children in its mission to provide consistently high quality health care to children and youth in the philadelphia area and throughout the greater delaware valley. Stc pediatrics engages in activities related to the promotion of health of children and youth in the philadelphia area and throughout the greater delaware valley, including, but not limited to, the provision of a full range of high-quality, family centered health care services and contemporary pediatric medicine, including research and medical education, related to the promotion of health. Stc pediatrics works jointly with drexel university college of medicine to attract and retain physicians with excellent academic qualifications and skills to promote stc pediatric's missions; and works charitably to promote community health education, prevent illness and injury and provide medical services to children and youth under the age of twenty-one (21) in the company's service area.”

“Volunteers work throughout the hospital. Some work with children and their families. Others work in departments that help support patient care behind the scenes. Total number of volunteer hours were 3018.61.”

“Other inpatient/outpatient/physician service accomplishments include but are not limited to: neonatal intensive care: st. Chris's neonatal intensive care unit department is a regional referral nicu which provides emergent, urgent and primary care services to high risk neonates in our community "24/7/365", regardless of ability to pay. Our level iv nicu provides care for some of the region's most critically ill newborns. We provide advanced treatments, such as lifesaving extracorporeal membrane oxygenation (ecmo), cool cap therapy, comprehensive neurology care, and advanced surgeries. Our critical care transport team goes to all referring facilities to transport these babies to our nicu. Total patient days in fy2021 were 8,358 orthopedics: a leader in pediatric care since 1875, st. Chris's orthopedics departments consists of orthopedic specialists that assist children from birth to age 21. Services they treat are a range of pediatric and adolescent conditions, including, bone and joint infections, bone tumors (cancerous and noncancerous), congenital (inherited) problems in the limbs or spine, including limb deformities, dislocations, foot deformities, such as clubfoot, fractures & hip, disorders, neuromuscular problems, including cerebral palsy and myelomeningocele, spine problems, such as scoliosis and spondylolisthesis, and traumatic injuries. Total visits for fy2021 were 22,442”

“Stc healthcare partners llc (stc) was established as a limited liability company on october 21, 2019. Stc is the parent company of stc opco (st. Christopher's hospital for children) and stc pediatrics, llc (the physician company). The acquisition occurred on december 15, 2019. As a result of this occurring right before the end of the calendar year, stc healthcare partners, llc did not file any informational returns it was required to file as the prior owner of the hospital filed these for employees and independent contractors of the hospital before it was purchased.”

“Other prog. Other fees/serv 21,679,594 0 0 prog 1 other fees/services 905,399 0 0 prog 2 other fees/services 2,588,040 0 0 prog 3 other fees/services 77,116 0 0 outside serv/other fees 0 22,122,551 0 total 25,250,149 22,122,551 0”

“Impairment (f/a & goodwill) -51,039,080”