May 4, 2016
Methuen and Haverhill Receive $1.4 Million in Tax Revenue from Holy Family Hospital in 2015
Holy Family Hospital, part of the Steward Health Care system (Steward), announced today that it paid $1,368,427 in combined taxes to Methuen and Haverhill for 2015, making it one of the largest private taxpayers in the community. As one of the largest taxpayers in both Methuen and Haverhill, Steward provides unrivaled financial support for local schools, first responders and municipal services.
These taxes are crucial for both communities, allowing them to pay for and support the equivalent of the average combined annual salaries of approximately five teachers , six police officers and seven firefighters . In addition to being one of the largest taxpayers, Steward also remains the largest employer in Methuen and Haverhill, employing a total of 1,760 between its two campuses. Furthermore, Steward spent an additional $1.9 million in 2015 on community benefits programs for Methuen and Haverhill residents, including its Diabetes and Obesity Care Management, and Cancer Awareness and Early Detection programs.
“As a private hospital, Holy Family provides not only first-class care to local residents, it also provides a significant source of revenue to both Methuen and Haverhill, which contributes to each community’s overall quality of life,” said Joseph Roach, President of Holy Family Hospital. “Unlike many of the Boston-based hospitals that do not pay property taxes, as part of the Steward Health Care system, Holy Family provides millions in tax dollars locally.”