2005 Post 200

MedStar Health

5565 Sterrett Pl., fifth floor

Columbia, Md. 21044


Year founded: 1998

Industry: Health care

Post 200 Category: Top Private Companies

Revenue: $2.43 Billion

Net Income/Loss: n/a

Earnings per share: n/a

Dividend: n/a

Stockholder equity: n/a

Auditor: n/a


Assets: n/a

Market capitalization: n/a

52-week high: n/a

52-week low: n/a

CEO: John P. McDaniel

President and COO: Kenneth A. Samet

Employees: 22000

Local employees: 13000

Description: MedStar Health, one of the top 25 nonprofit health care organizations in the . United States, operates 25 businesses, including seven hospitals in the Washington-Baltimore area with 2,700 beds and 4,600 affiliated physicians. The MedStar system includes the Washington Hospital Center, Georgetown University Hospital and National Rehabilitation Hospital in the District and four hospitals in Baltimore.

Developments: The company opened 2004 by getting a good credit rating from Moody's Investors Service, which cited MedStar's "good revenue growth for several years" as well as its "solid market position." The health care information company Solucient LLC in March named Washington Hospital Center one of the "100 Most Improved Teaching Hospitals" in the United States. In July, four MedStar hospitals were ranked among "America's Best Hospitals" by U.S. News & World Report: Georgetown University Hospital, National Rehabilitation Hospital, Washington Hospital Center and Union Memorial Hospital. In the fall, Franklin Square Hospital in Baltimore opened the Harry and Jeanette Weinberg Cancer Institute, which houses centers focusing on melanoma, gynecologic oncology and breast cancer. MedStar was named the official medical provider of the Baltimore Ravens in September and of the Washington Nationals in February. Obstetrics malpractice claims brought against MedStar Health dropped 75 percent from 2001 to 2004, which it attributed in large part to a task force that implemented systemwide patient-care standards addressing such areas as labor-inducing drugs.

© 2005 The Washington Post Company