2026-08-17T15:58:50-05:00 2025-09-30 861065772 DELOITTE TAX LLP 2 JERICHO PLAZA JERICHO NY 11753 990 2024-10-01 222703314 SOUTHCOAST PHYSICIANS GROUP INC SOUT 5089732905 200 MILL ROAD STE 180 FAIRHAVEN MA 027195252 MICHAEL BUSHELL EVP FINANCE & CFO 8089737013 2026-08-17 1 0 KRISTIN RUFFINI P00741491 5169187000 2024 2025-03-06 01:10:19Z DAVID MCCREADY 101 PAGE STREET NEW BEDFORD MA 02740 337895857 0 X SOUTHCOAST.ORG/SOUTHCOAST-PHYSICIANS-GROUP/ X 1986 MA SEE SCHEDULE OTO PROMOTE THE AVAILABILITY OF HIGH QUALITY MEDICAL SERVICES IN SERVICE AREAS COVERED BY SOUTHCOAST HEALTH SYSTEM, INC. (SHS) AND ITS TAX EXEMPT AFFILIATES. 12 8 2291 7 0 0 680961 88321 307753685 337647532 1435 -404024 99895 156609 308535976 337488438 0 0 0 0 318839519 344978265 0 0 0 62977429 71745566 381816948 416723831 -73280972 -79235393 163040939 169282089 163040939 169282089 0 0 X TO PROMOTE THE AVAILABILITY OF HIGH QUALITY MEDICAL SERVICES IN SERVICE AREAS COVERED BY SHS AND ITS TAX EXEMPT AFFILIATES. (SEE SCHEDULE O) 0 0 84405199 60008553 PRIMARY CARE - SEE SCHEDULE O 32061326 32050461 HOSPITALISTS - SEE SCHEDULE O 258819588 227225754 SPECIALISTS - SEE SCHEDULE O 20333137 18362764 URGENT CARE - SOUTHCOAST PHYSICIAN GROUP OPERATES SIX URGENT CARE FACILITIES IN THE REGION, LOCATED IN FAIRHAVEN (MA), DARTMOUTH (MA), SEEKONK (MA), LAKEVILLE (MA), FALL RIVER (MA), AND WAREHAM (MA). SERVICES PROVIDED AT THESE FACILITIES INCLUDE A BROAD RANGE OF MEDICAL VISITS, RADIOLOGICAL EXAMINATIONS, AND LABORATORY TESTING. THE PRIMARY PURPOSE OF THE URGENT CARE FACILITIES IS TO PROVIDE CONVENIENT ACCESS TO NON-EMERGENCY MEDICAL SERVICES FOR PATIENTS THROUGHOUT THE SOUTHCOAST REGION. DURING FISCAL 2025, THE URGENT CARE FACILITIES SERVED 121,559 PATIENTS. OF TOTAL PATIENT VISITS, 17.46% WERE ATTRIBUTABLE TO PATIENTS WHOSE PRIMARY HEALTH INSURANCE WAS MEDICARE, AND 25.35% WERE ATTRIBUTABLE TO PATIENTS WHOSE PRIMARY HEALTH INSURANCE WAS MASSHEALTH (MEDICAID) OR COMMONWEALTH CARE PLANS. 20333137 18362764 395619250 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 70 0 1 2291 1 0 0 0 0 0 0 0 0 0 0 1 0 X 12 8 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X MICHAEL BUSHELL 5089735017 101 PAGE STREET NEW BEDFORD MA 02740 X DAVID MCCREADY EX-OFFICIO, PRES & CEO (TO 9/1/25) 7.50 66.50 X X 0 1594229 204389 EDRESS OTHMAN MD TRUSTEE & PHYSICIAN 61.50 0.00 X 1142144 0 44194 DENNIS LAROCK MD TTEE & PHYS, PRESIDENT (AS OF 9/25) 61.50 0.00 X X 975077 0 164148 AARON NOVY TRUSTEE & PHYSICIAN 41.50 0.00 X 181076 0 37644 SALMAN BASHIR MD TRUSTEE 1.50 5.50 X 0 1200 0 DONALD GIUMETTI VICE CHAIR 2.50 12.50 X X 0 0 0 JASON RUA CHAIR 2.50 7.00 X X 0 0 0 CARMEN F SYLVESTER TRUSTEE 1.50 7.50 X 0 0 0 CHRISTOPHER HODGSON TRUSTEE 1.50 7.50 X 0 0 0 DENNIS FUSCO TRUSTEE 1.50 4.50 X 0 0 0 ELIZABETH HUIDEKOPER TRUSTEE 1.50 7.00 X 0 0 0 LOUIS CABRAL TRUSTEE 1.50 7.00 X 0 0 0 RENEE CLARK CLERK, EVP COO 26.50 46.00 X 0 1221168 203192 WADE BROUGHMAN TREAS/EVP FIN & CFO SHG (TO 12/24) 14.50 60.50 X 0 1093225 40272 MICHAEL BUSHELL TREAS (AS OF 1/25)/EVP FIN & CFO SHG 11.50 55.00 X 0 174309 30055 RICHARD PIN CHIEF OF VASCULAR SURGERY&ENDO VACULAR MED 60.00 0.00 X 1247733 0 44323 MICHAEL LANGWORTHY CHIEF OF ORTHOPEDIC SURGERY 60.00 0.00 X 1246666 0 38025 PATRICK GAGNON RADIATION ONCOLOGY CHIEF & CMIO 42.00 10.00 X 1217862 0 44560 MATTHEW PHILLIPS CHIEF OF BRAIN AND SPINE SERVICES 60.00 0.00 X 1142756 0 41231 DANI HACKNER SVP CHIEF CLINICAL OFFICER, PHYS IN CHIEF MED 18.00 42.00 X 948240 0 174310 IRAKLIS GEROGIANNIS CHIEF CARDIOTHORACIC SURGERY 60.00 0.00 X 1074847 0 21897 JOHN CARROLL CO-CHIEF OF UROLOGY 60.00 0.00 X 951794 0 40451 PETER COHN CHIEF CARDIOVASCULAR CARE CENTER 60.00 0.00 X 840351 0 40451 MICHAEL GROSSMAN CHIEF TRAUMA AND ACUTE CARE 60.00 0.00 X 794669 0 44560 ILANA FEINERMAN MD CHIEF OF OTOLARYNGOLOGY (ENT) 60.00 4.50 X 678729 0 39148 JEFFREY LAWRENCE MD SVP, CTIO, PIC PRIM CARE (TO 4/24) 36.00 24.00 X 621977 0 41590 JOHN PODKOWA EXECUTIVE CHIEF OF PRIMARY CARE 36.00 8.00 X 533418 0 37796 JORGE HUACO CHIEF OF GENERAL SURGERY/BARIATRICS 60.00 0.00 X 519153 0 44560 CHRISTIAN POPE CHIEF SERVICES WOMEN & CHILDREN 60.00 0.00 X 493852 0 34714 LINDA HEVENOR VP CLINICAL OPERATIONS 60.00 0.00 X 0 317783 44082 COURTNEY IVES VP CARE CENTER OPERATIONS 30.00 30.00 X 0 334671 24110 AHMET BURAKGAZI PHYSICIAN 40.00 0.00 X 1207713 0 40785 CHRISTOPHER SKEEHAN PHYSICIAN 40.00 0.00 X 1116019 0 44560 MARK SHPARBER PHYSICIAN - MEDICAL ONCOLOGY 40.00 0.00 X 1021254 0 40696 NOSHEEN JAVED MD ASSOC. CHF CARDIOVASCULAR CARE CTR 40.00 0.00 X 979211 0 46046 CHRISTIAN PETRULIO PHYSICIAN - ORTHOPAEDIC SURGERY 40.00 0.00 X 989945 0 28793 RAYFORD KRUGER MD FORMER PRES & EX-OFFICIO 0.00 0.00 X 0 1316776 32290 KEITH HOVAN FORMER PRESIDENT 0.00 0.00 X 0 115000 0 19924486 6168361 1712872 667 1 1 0 LOCUMTENENSCOM LLC PO BOX 405547 ATLANTA GA 30384 STAFFING & RECRUITING 2940448 SYNERGY SURGICALISTS 280 W KAGY BLVD 320 BOZEMAN MT 59715 PHYSICIAN SERVICES 2824720 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 29502 CONSULTING 1079834 WEATHERBY LOCUMS INC PO BOX 972633 DALLAS TX 75397 STAFFING 1062846 PRATT OTOLARYNGOLOGY - HEAD & NECK ASSOC 800 WASHINGTON ST BOSTON MA 02111 STAFFING 967200 24 87041 1280 88321 PATIENT SERVICE 621110 316921782 316921782 OTHER CLINICAL REVENUE 900099 20710522 20710522 AFFILIATE RENT 531390 15228 15228 337647532 157950 1341 156609 156609 156609 2054 406078 -404024 -404024 -404024 337488438 337647532 0 -247415 15581076 11966186 3614890 426323 426323 281614285 278460657 3153628 10085799 9617509 468290 22112030 20131983 1980047 15158752 14685984 472768 1489118 1489118 185779 185779 18932335 16794555 2137780 13219 13219 1499108 569360 929748 187329 184671 2658 15549645 13328837 2220808 471124 451354 19770 898658 887358 11300 3104271 3025245 79026 6351272 6351272 MEDICAL SUPPLIES & LINE 11778926 11754891 24035 INTERCOMPANY CONTRACTED 9064579 4056113 5008466 PROF & DEVELOPMENT FEES 1034399 835538 198861 PARTS, REPAIRS, & MAINT 986382 440109 546273 199422 162187 37235 416723831 395619250 21104581 0 20117441 23113449 5436872 5042336 50282711 30928262 17244818 19354449 25441635 29492196 7666514 7666514 87133659 84613145 163040939 169282089 63548188 73957869 99492751 95324220 163040939 169282089 X 0 0 0 0 163040939 169282089 X -79235393 79235393 X 0 1 X 1 1 1 X 0 757723 866718 680961 88321 2393723 226460571 262963847 276486137 307753685 337647532 1411311772 226460571 263721570 277352855 308434646 337735853 1413705495 0 0 0 1413705495 61377 63395 56074 103823 157950 442619 61377 63395 56074 103823 157950 442619 226521948 263784965 277408929 308538469 337893803 1414148114 0.99970 0.99970 0.00030 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 583450 583450 10407361 3306399 7100962 24035741 18661998 5373743 10128983 8777989 1350994 5127176 181876 4945300 19354449 DUE FROM AFFILIATES 33261477 REINSURANCE RECOVERABLES 2520693 OTHER RECEIVABLES 1086118 RIGHT OF USE ASSETS - OPERATING 47744857 84613145 DEFERRED COMPENSATION 29492196 DUE TO AFFILIATES 15768605 LEASE LIABILITY OPERATING 50063419 95324220 PART X, LINE 2: SHS ADOPTED THE ACCOUNTING GUIDANCE FOR UNCERTAIN TAX POSITIONS, NOW CODIFIED IN ASC 740, IN FISCAL YEAR 2008. NO FOOTNOTE DISCLOSURE IS INCLUDED IN ITS SEPTEMBER 30, 2025 CONSOLIDATED AUDITED FINANCIAL STATEMENTS BECAUSE THE IMPACT WAS NOT MATERIAL. X 1 1 1 1 0 0 0 0 0 1 0 DAVID MCCREADY EX-OFFICIO, PRES & CEO (TO 9/1/25) 0 1184674 0 330000 0 79555 0 180000 0 24389 0 1798618 0 0 RENEE CLARK CLERK, EVP COO 0 776964 0 295800 0 148404 0 178803 0 24389 0 1424360 0 143760 RAYFORD KRUGER MD FORMER PRES & EX-OFFICIO 0 8355 0 705000 0 603421 0 30600 0 1690 0 1349066 0 476100 RICHARD PIN CHIEF OF VASCULAR SURGERY&ENDO VACUL 669798 0 577435 0 500 0 20463 0 23860 0 1292056 0 0 0 MICHAEL LANGWORTHY CHIEF OF ORTHOPEDIC SURGERY 809195 0 436971 0 500 0 18274 0 19751 0 1284691 0 0 0 PATRICK GAGNON RADIATION ONCOLOGY CHIEF & CMIO 783028 0 433834 0 1000 0 20700 0 23860 0 1262422 0 0 0 AHMET BURAKGAZI PHYSICIAN 755541 0 451672 0 500 0 21034 0 19751 0 1248498 0 0 0 EDRESS OTHMAN MD TRUSTEE & PHYSICIAN 820684 0 320960 0 500 0 20334 0 23860 0 1186338 0 0 0 MATTHEW PHILLIPS CHIEF OF BRAIN AND SPINE SERVICES 852049 0 290207 0 500 0 17331 0 23900 0 1183987 0 0 0 CHRISTOPHER SKEEHAN PHYSICIAN 734212 0 381307 0 500 0 20700 0 23860 0 1160579 0 0 0 DENNIS LAROCK MD TTEE & PHYS, PRESIDENT (AS OF 9/25) 971058 0 0 0 4019 0 17877 135000 11271 0 1004225 135000 0 0 WADE BROUGHMAN TREAS/EVP FIN & CFO SHG (TO 12/24) 0 730464 0 188500 0 174261 0 20700 0 19572 0 1133497 0 0 DANI HACKNER SVP CHIEF CLINICAL OFFICER, PHYS IN CHIEF MED 658033 0 141300 0 148907 0 20700 129750 23860 0 992800 129750 0 131130 IRAKLIS GEROGIANNIS CHIEF CARDIOTHORACIC SURGERY 1055380 0 19467 0 0 0 20700 0 1197 0 1096744 0 0 0 MARK SHPARBER PHYSICIAN - MEDICAL ONCOLOGY 663917 0 356837 0 500 0 20700 0 19996 0 1061950 0 0 0 NOSHEEN JAVED MD ASSOC. CHF CARDIOVASCULAR CARE CTR 768268 0 210443 0 500 0 22186 0 23860 0 1025257 0 0 0 CHRISTIAN PETRULIO PHYSICIAN - ORTHOPAEDIC SURGERY 646327 0 343118 0 500 0 20700 0 8093 0 1018738 0 0 0 JOHN CARROLL CO-CHIEF OF UROLOGY 752154 0 198540 0 1100 0 20700 0 19751 0 992245 0 0 0 PETER COHN CHIEF CARDIOVASCULAR CARE CENTER 644668 0 64400 0 131283 0 20700 0 19751 0 880802 0 0 0 MICHAEL GROSSMAN CHIEF TRAUMA AND ACUTE CARE 758669 0 25000 0 11000 0 20700 0 23860 0 839229 0 0 0 ILANA FEINERMAN MD CHIEF OF OTOLARYNGOLOGY (ENT) 608229 0 70000 0 500 0 15288 0 23860 0 717877 0 0 0 JEFFREY LAWRENCE MD SVP, CTIO, PIC PRIM CARE (TO 4/24) 229919 0 0 0 392058 0 14567 16953 10070 0 646614 16953 0 0 JOHN PODKOWA EXECUTIVE CHIEF OF PRIMARY CARE 390058 0 142360 0 1000 0 19787 0 18009 0 571214 0 0 0 JORGE HUACO CHIEF OF GENERAL SURGERY/BARIATRICS 458827 0 59826 0 500 0 20700 0 23860 0 563713 0 0 0 CHRISTIAN POPE CHIEF SERVICES WOMEN & CHILDREN 468352 0 25000 0 500 0 10854 0 23860 0 528566 0 0 0 LINDA HEVENOR VP CLINICAL OPERATIONS 0 263383 0 54400 0 0 0 19578 0 24504 0 361865 0 0 COURTNEY IVES VP CARE CENTER OPERATIONS 0 276871 0 57800 0 0 0 6072 0 18038 0 358781 0 0 AARON NOVY TRUSTEE & PHYSICIAN 170142 0 4203 0 6731 0 12530 0 25114 0 218720 0 0 0 MICHAEL BUSHELL TREAS (AS OF 1/25)/EVP FIN & CFO SHG 0 174309 0 0 0 0 0 25906 0 4149 0 204364 0 0 KEITH HOVAN FORMER PRESIDENT 0 0 0 0 0 115000 0 0 0 0 0 115000 0 0 PART I, LINE 1A SPG MADE PERFORMANCE PAYMENTS TO ONE TRUSTEE, FOR THEIR ROLE AS A PHYSICIAN, THAT INCLUDED TAX GROSS-UPS. TOTAL PAYMENTS WERE $203. PART I, LINE 3 SPG RELIED ON AFFILIATE SOUTHCOAST HOSPITALS GROUP (SHG), A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION FOR THE SPG PRESIDENT. SHG CHECKED THE FOLLOWING BOXES TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINES 4A-B LINE 4A: A SEVERANCE PAYMENT OF $391,827 WAS MADE DURING THE REPORTING PERIOD TO JEFFREY LAWRENCE. A SEVERANCE PAYMENT OF $115,000 WAS MADE DURING THE REPORTING PERIOD TO KEITH HOVAN, FROM AFFILIATE SOUTHCOAST HOSPITALS GROUP, INC. LINE 4B: CERTAIN OFFICERS, DIRECTORS, AND KEY EMPLOYEES WHO ARE EMPLOYEES OF SOUTHCOAST PARTICIPATE IN SOUTHCOAST'S 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CONTRIBUTION CREDITS UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART, II, COLUMN (C). ONLY UPON TERMINATIONS OF EMPLOYMENT DO FULLY VESTED PARTICIPANTS RECEIVE DISTRIBUTIONS FROM THE PLAN. CONTRIBUTIONS VEST THE EARLIER OF: JULY 1 OF THE 3RD CALENDAR YEAR FOLLOWING THE CALENDAR YEAR IN WHICH THE CONTRIBUTION CREDIT IS MADE; UPON REACHING AGE 62; DEATH; DISABILITY; OR INVOLUNTARY SEPARATION. THE AMOUNT REFLECTED IN SCHEDULE, J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES THE VESTED PORTION OF CONTRIBUTIONS MADE TO THE PLAN WHICH ARE NO LONGER SUBJECT TO THE RISK OF FORFEITURE. RENEE CLARK - $133,121 WADE BROUGHMAN - $158,103 DANI HACKNER - $142,080 PETER COHN - $125,490 PART I, LINE 7 A PORTION OF PHYSICIAN COMPENSATION IS AT RISK AND PAID VIA A COMPENSATION PLAN IN WHICH PERFORMANCE IS ASSESSED BASED ON PRE-DETERMINED MEASURES INCLUDING QUALITY AND PRODUCTIVITY. PART II, COLUMN F OFFICERS, DIRECTORS, AND KEY EMPLOYEES WHO ARE EMPLOYEES OF SOUTHCOAST PARTICIPATE IN SOUTHCOAST'S 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. PRIOR YEAR CONTRIBUTION CREDITS INCLUDED AS DEFERRED IN A PRIOR YEAR AND AS W-2 COMPENSATION IN THE CURRENT YEAR ARE INCLUDED IN SCHEDULE J, PART, II, COLUMN (F). ONLY UPON TERMINATIONS OF EMPLOYMENT DO FULLY VESTED PARTICIPANTS RECEIVE DISTRIBUTIONS FROM THE PLAN. CONTRIBUTIONS VEST THE EARLIER OF: JULY 1 OF THE 3RD CALENDAR YEAR FOLLOWING THE CALENDAR YEAR IN WHICH THE CONTRIBUTION CREDIT IS MADE; UPON REACHING AGE 62; DEATH; DISABILITY; OR INVOLUNTARY SEPARATION. THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN F FOR THE FOLLOWING INDIVIDUALS INCLUDES THE ORIGINAL CONTRIBUTION CREDITS MADE TO THE PLAN WHICH ARE NO LONGER SUBJECT TO THE RISK OF FORFEITURE. DANI HACKNER - $131,130 RENEE CLARK - $143,760 JEANNE BETH LAROCK SEE PART V 81760 SEE PART V 0 HANNAH PODKOWA SEE PART V 149129 SEE PART V 0 STEPHANIE LAWRENCE SEE PART V 183663 SEE PART V 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JEANNE BETH LAROCK(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF DENNIS LAROCK, TRUSTEE(D) DESCRIPTION OF TRANSACTION: EMPLOYEE COMPENSATION SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: HANNAH PODKOWA(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF JOHN PODKOWA, KEY EMPLOYEE(D) DESCRIPTION OF TRANSACTION: EMPLOYEE COMPENSATION SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: STEPHANIE LAWRENCE(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF JEFFREY LAWRENCE, KEY EMPLOYEE(D) DESCRIPTION OF TRANSACTION: EMPLOYEE COMPENSATION FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE MISSION OF SOUTHCOAST PHYSICIANS GROUP, INC. (SPG) IS TO PROMOTE THE AVAILIBILITY OF HIGH QUALITY MEDICAL SERVICES IN SERVICE AREAS COVERED BY SOUTHCOAST HEALTH SYSTEM, INC. (SHS) AND ITS TAX EXEMPT AFFILIATES BY PROMOTING THE DEVELOPMENT OF AN EFFICIENT, INTEGRATED MEDICAL DELIVERY SYSTEM THAT WILL BETTER MEET THE NEEDS OF THE COMMUNITIES SERVED BY SOUTHCOAST NOW AND IN THE FUTURE BY ACQUIRING AND ESTABLISHING PHYSICIAN PRACTICES AND DEVELOPING MANAGED CARE SERVICES. FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE: PRIMARY CARE - SPG'S ACCOMPLISHMENTS INCLUDE THE DEVELOPMENT AND MAINTENANCE OF AN EFFICIENT AND INTEGRATED PRIMARY CARE DELIVERY SYSTEM THAT SUCCESSFULLY MEETS THE HEALTH CARE NEEDS OF THE COMMUNITIES SERVED BY SPG AND ITS NON-PROFIT AFFILIATES. SPG SERVES PATIENTS OF ALL AGES, RACES AND ETHNIC BACKGROUNDS AND PROVIDES HEALTH CARE SERVICES SUCH AS PREVENTATIVE HEALTH CARE, PHYSICALS, IMMUNIZATIONS, TREATMENTS FOR ILLNESSES AND INJURIES AND PROVIDES REFERRALS TO OTHER HEALTH CARE SPECIALISTS AS NEEDED. DURING FISCAL 2025, APPROXIMATELY 41.06% OF PATIENT VISITS TO SPG PRIMARY CARE PRACTICES WERE ATTRIBUTABLE TO PATIENTS WHOSE PRIMARY HEALTH INSURANCE WAS MEDICARE AND ANOTHER 14.02% OF VISITS WERE PROVIDED TO PATIENTS WHOSE PRIMARY HEALTH INSURANCE WAS MASSHEALTH (MEDICAID) AND COMMONWEALTH CARE PLANS. DURING FISCAL 2025, THERE WERE 327,877 TOTAL PATIENT VISITS TO SPG PRIMARY CARE PRACTICES AND 98,740 IMMUNIZATIONS WERE ADMINISTERED TO SPG PATIENTS. FORM 990, PART III, LINE 4B, DESCRIPTION OF PROGRAM SERVICE: HOSPITALISTS - SPG EMPLOYS HOSPITALISTS WHO ARE PHYSICIANS BOARD CERTIFIED IN INTERNAL MEDICINE OR FAMILY PRACTICE AND WHO SPECIALIZE IN CARING FOR PATIENTS WHOSE CONDITIONS ARE SERIOUS ENOUGH TO REQUIRE ADMISSION TO AN ACUTE-CARE HOSPITAL. SOME HOSPITALISTS ALSO HAVE ADDITIONAL EXPERTISE IN SPECIALTIES SUCH AS PULMONARY MEDICINE OR CRITICAL CARE. THE HOSPITALISTS' PRIMARY FOCUS IS THE CARE OF PATIENTS AT THE RELATED NOT-FOR-PROFIT HOSPITALS THEY SERVE. AT SOUTHCOAST HOSPITALS GROUP, INC., HOSPITALISTS ARE AVAILABLE 24 HOURS A DAY, 7 DAYS A WEEK TO SEE ADMITTED PATIENTS AND PROVIDE COMPREHENSIVE CARE THROUGHOUT EACH PATIENT'S HOSPITAL STAY. THEY COMMUNICATE WITH NURSES, OTHER MEMBERS OF THE HEALTH CARE TEAM, AND EACH PATIENT'S PRIMARY CARE PHYSICIAN, THEREBY HELPING TO ENSURE COORDINATED, HIGH-QUALITY HEALTH CARE SERVICES. DURING FISCAL 2025, HOSPITALISTS PROVIDED 267,364 PATIENT VISITS, OF WHICH 60.76% WERE TO PATIENTS WHOSE PRIMARY HEALTH INSURANCE WAS MEDICARE AND 17.60% WERE TO PATIENTS WHOSE PRIMARY HEALTH INSURANCE WAS MASSHEALTH (MEDICAID). FORM 990, PART III, LINE 4C, DESCRIPTION OF PROGRAM SERVICE: SPECIALISTS - SPG EMPLOYS SPECIALISTS, INCLUDING SURGEONS, ONCOLOGISTS, CARDIOLOGISTS, GASTROENTEROLOGISTS, NEUROLOGISTS, PSYCHIATRISTS, AND OTHERS. DURING FISCAL 2025, SPG SPECIALISTS SERVED 841,448 PATIENTS, OF WHOM 50.57% WERE COVERED PRIMARILY BY MEDICARE AND 17.06% WERE COVERED PRIMARILY BY MASSHEALTH (MEDICAID). FORM 990, PART VI, SECTION A, LINE 2 CARMEN SYLVESTER; CHRISTOPHER HODGSON; DENNIS FUSCO; DONALD GIUMETTI; ELIZABETH HUIDEKOPER; LOUIS CABRAL; AND JASON RUA HAD BUSINESS RELATIONSHIPS WITH DAVID MCCREADY; RAYFORD KRUGER, MD; SALMAN BASHIR, MD; RENEE CLARK; MICHAEL BUSHELL; AND WADE BROUGHMAN, WHO WERE EMPLOYED BY SOUTHCOAST HOSPITALS GROUP, INC. DAVID MCCREADY; RAYFORD KRUGER, MD; SALMAN BASHIR, MD; RENEE CLARK; MICHAEL BUSHELL AND WADE BROUGHMAN ALSO HAD A BUSINESS RELATIONSHIP. CARMEN SYLVESTER; CHRISTOPHER HODGSON; DENNIS FUSCO; DONALD GIUMETTI; ELIZABETH HUIDEKOPER; LOUIS CABRAL; JASON RUA; DAVID MCCREADY; RAYFORD KRUGER, MD; SALMAN BASHIR, MD; RENEE CLARK; MICHAEL BUSHELL; AND WADE BROUGHMAN HAD BUSINESS RELATIONSHIPS WITH ILANA FEINERMAN, MD; PATRICK GAGNON, MD; AND JEFFREY LAWRENCE, MD WHO WERE EMPLOYED BY SOUTHCOAST PHYSICIANS GROUP, INC. FORM 990, PART VI, SECTION A, LINE 6 SOUTHCOAST HEALTH SYSTEM, INC. (SHS), SPG'S PARENT CORPORATION, IS THE SOLE CORPORATE MEMBER OF SPG. FORM 990, PART VI, SECTION A, LINE 7A SHS ELECTS THE TRUSTEES AND DIRECTORS OF SPG AND EXERCISES SPECIFIED RESERVED POWERS OVER SPG. FORM 990, PART VI, SECTION A, LINE 7B SPG IS ORGANIZED AND OPERATES TO CARRY OUT AND FURTHER THE TAX EXEMPT PURPOSES OF ITS NON-PROFIT AFFILIATE, SOUTHCOAST HOSPITALS GROUP, INC. ("SHG") BY CARING FOR AND IMPROVING THE HEALTH AND PROMOTING THE WELLNESS OF THE PEOPLE IN THE COMMUNITIES SERVED BY THE HOSPITALS GROUP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PREPARES THE FORM 990 WITH THE ASSISTANCE OF A PAID PREPARER. THE GOVERNING BOARD OF SHS, THE SOLE CORPORATE MEMBER OF SPG, REVIEWS FORM 990 AND ITS RELATED SCHEDULES PRIOR TO FILING. THE REVIEW IS PERFORMED BY THE GOVERNING BOARD AS IT PROVIDES OVERSIGHT FOR COMPENSATION AND CONFLICT OF INTEREST MATTERS ON ITS OWN BEHALF AND ON BEHALF OF ITS AFFILIATES ON A SYSTEM-WIDE BASIS. A COMPLETE COPY OF THE FORM 990 AND ITS SCHEDULES ARE POSTED TO THE SHS BOARD'S WEBSITE PORTAL FOR ALL BOARD MEMBERS TO REVIEW, MAKE INQUIRIES, AND HAVE ANY ADJUSTMENTS MADE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C SHS HAS CONFLICT OF INTEREST, LEGAL COMPLIANCE AND CODE OF CONDUCT POLICIES THAT APPLY TO ALL TRUSTEES, OFFICERS, DIRECTORS AND EMPLOYEES (REFERRED TO AS "MEMBERS") OF SPG. ON AN ANNUAL BASIS, EACH MEMBER WILL COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE WHICH AFFIRMS THAT EACH PERSON HAS: (1) RECEIVED A COPY OF THE POLICY, (2) READ AND UNDERSTOOD THE POLICY, (3) AGREED TO COMPLY WITH THE POLICY, AND (4) UNDERSTOOD THAT THE SYSTEM ENTITIES ARE CHARITABLE ORGANIZATIONS AND THAT TO MAINTAIN THEIR FEDERAL TAX EXEMPTION, SUCH ENTITIES MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE SYSTEM OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES, DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL TAXATION, AND IN CONNECTION WITH ITS COMPLIANCE PROGRAM, SYSTEM'S MANAGEMENT SHALL CONDUCT PERIODIC REVIEWS OF THE CONFLICT OF INTEREST POLICY AND THE OPERATION AND APPLICATION OF IT. MEMBERS SHALL DISCLOSE ANY INTERESTS OR ACTIVITIES IN WHICH THEY ARE INVOLVED OR BECOME INVOLVED THAT DO RESULT, OR MAY APPEAR TO RESULT IN A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST AND SHALL COMPLY WITH, AND MAKE ALL REQUIRED DISCLOSURES UNDER THE CONFLICT OF INTEREST POLICY PRIOR TO COMMENCING, CONTINUING, OR CONSUMMATING ANY ACTIVITY OR TRANSACTION WHICH RAISES A CONFLICT OF INTEREST OR A POTENTIAL CONFLICT OF INTEREST. EACH MEMBER IS UNDER AN ONGOING DUTY TO UPDATE AND KEEP CURRENT THE INFORMATION CONTAINED IN THEIR QUESTIONNAIRE. AT LEAST ANNUALLY, OR AS NECESSARY BASED ON DISCLOSURES, THE GENERAL COUNSEL WILL SUMMARIZE AND REPORT ALL DISCLOSURES TO THE PRESIDENT AND CEO AND THE CHAIRMAN OF THE BOARD OF TRUSTEES (OR HIS/HER DESIGNEE). UPON DISCLOSURE OF FINANCIAL OR NON-FINANCIAL INTERESTS ("INTERESTS") AND ALL MATERIAL FACTS RELATED THERETO BY MEMBER OR AN INTERESTED PERSON, THE CHAIR OF THE SYSTEM'S GOVERNANCE COMMITTEE SHALL DETERMINE IN CONJUNCTION WITH THE GENERAL COUNSEL WHETHER A CONFLICT OF INTERESTS EXISTS. THE GOVERNANCE COMMITTEE CAN CONTINUE TO DISCUSS THE ISSUE WITH THE MEMBER OR INTERESTED PERSON TO CLARIFY OR OBTAIN ADDITIONAL INFORMATION. HOWEVER, BEFORE THE GOVERNANCE COMMITTEE DISCUSSES OR DETERMINES WHETHER THE MEMBER OR OTHER INTERESTED PERSON'S INTERESTS CONSTITUTE A CONFLICT OF INTEREST, THE MEMBER OR INTERESTED PERSON MUST LEAVE THE MEETING. IN THE EVENT THE INTEREST INVOLVES THE CHAIR OR CEO, THE REMAINING GOVERNANCE COMMITTEE MEMBERS SHALL APPOINT ONE OR MORE DISINTERESTED TRUSTEES TO MAKE SUCH A DETERMINATION. ONCE THE DETERMINATION OF THE CONFLICT OF INTEREST IS MADE BY THE GOVERNANCE COMMITTEE, SUCH DETERMINATION, ALONG WITH APPROPRIATE MITIGATION PLANS, WILL BE SUBMITTED BY THE GOVERNANCE COMMITTEE FOR REVIEW AND APPROVAL. IF ANY BOARD OR BOARD COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE AN ACTUAL CONFLICT OF INTEREST OR A POTENTIAL CONFLICT OF INTEREST, IT SHALL INFORM SUCH PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD SUCH A MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE IT. IF, AFTER HEARING THE RESPONSE OF SUCH PERSON AND MAKING FURTHER INQUIRY OR INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR BOARD COMMITTEE DETERMINES THAT SUCH PERSON HAS IN FACT FAILED TO DISLCOSE AN ACTUAL CONFLICT OF INTEREST OR A POTENTIAL CONFLICT OF INTEREST, THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION SHALL BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 FOR ITS PHYSICIAN EMPLOYEES, COMPENSATION IS REVIEWED AND APPROVED UPON EMPLOYMENT OR ADJUSTMENT OR AT LEAST ANNUALLY BY A COMMITTEE OF THE BOARD COMPRISED OF ALL NON-PHYSICIAN TRUSTEES. AS PART OF THE REVIEW, AN INDEPENDENT PHYSICIAN COMPENSATION CONSULTANT IS ENGAGED TO EXPRESS A FAIR MARKET VALUE OPINION ON OFFERS OF EMPLOYMENT OR FOR SALARY ADJUSTMENTS FOR ALL EXPERIENCED PHYSICIANS AND ASSIST IN THE DEVELOPMENT OF SALARY RANGES FOR PHYSICIANS BEING EMPLOYED WHO HAVE RECENTLY GRADUATED FROM TRAINING PROGRAMS. THE CONSULTANT USES SAFE-HARBOR GUIDELINES SET BY THE FEDERAL LEGISLATION OR DEVELOPED BY FEDERAL AGENCIES IN FORMULATING THE OPINIONS AND DEVELOPING THE SALARY RANGES. THE PROCESS FOR DETERMINING COMPENSATION INCLUDED CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION AND TOOK PLACE IN MAY 2025 FOR FISCAL YEAR 2025. FORM 990, PART VI, SECTION C, LINE 19 SPG MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING THEM UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1: TRUSTEES AND OFFICERS ARE COMPENSATED FOR THEIR ROLES OUTSIDE OF THEIR CAPACITY AS TRUSTEES AND OFFICERS. FORM 990, PART XI, LINE 9: TRANSFERS AMONG AFFILIATES 79,235,393. CARI REAL ESTATE LLC 1076 NORTH MAIN STREET PROVIDENCE RI 02904 050501893 RENTAL REAL ESTATE RI 15228 831629 SOUTHCOAST PHYSICIANS GROUP INC SOUTHCOAST HEALTH SYSTEM INC 101 PAGE STREET NEW BEDFORD MA 02740 042794625 SUPPORT SHG, SPG, & SVNA MA 501(C)(3) 12C, III-FI N/A 0 SOUTHCOAST HOSPITALS GROUP INC 101 PAGE STREET NEW BEDFORD MA 02740 222592333 ACUTE CARE HOSPITALS MA 501(C)(3) 3 SOUTHCOAST HEALTH SYSTEM INC 1 SOUTHCOAST VISITING NURSE ASSOCIATION INC 200 MILL RD SUITE 120 FAIRHAVEN MA 02719 042105745 HOME CARE SERVICES MA 501(C)(3) 10 SOUTHCOAST HEALTH SYSTEM INC 1 SOUTHCOAST VENTURES INC 101 PAGE STREET NEW BEDFORD MA 02740 043003172 PHYSICIAN SERVICES/ HEALTHCARE MA 501(C)(3) 12A, I SOUTHCOAST HEALTH SYSTEM INC 1 SOUTHCOAST LONG TERM CARE SERVICES INC 363 HIGHLAND AVE FALL RIVER MA 02720 043109579 OPERATE A LONG-TERM CARE FACILITY MA 501(C)(3) 10 SOUTHCOAST HEALTH SYSTEM INC 1 SOUTHCOAST LONG TERM CARE PROPERTIES INC 101 PAGE STREET NEW BEDFORD MA 02740 042984542 SUPPORT SLTCS MA 501(C)(3) 12A, II SOUTHCOAST HEALTH SYSTEM INC 1 SOUTHCOAST HEALTH AMBASSADORS INC 363 HIGHLAND AVE FALL RIVER MA 02720 043583676 SUPPORT SHG MA 501(C)(3) 12A, I SOUTHCOAST HOSPITALS GROUP INC 1 COASTLINE PROFESSIONAL ASSURANCE CORP LTD PO BOX 1085 GRAND CAYMAN CJ KY1-1102 980445031 INSURANCE CJ N/A C 1 HEALTH MANAGEMENT INITIATIVES INC 363 HIGHLAND AVE FALL RIVER MA 02720 042998712 COMM RENTALS MA N/A C 1 SAME DAY SURGICARE OF NE INC 272 STANLEY STREET FALL RIVER MA 02720 042808359 MEDICAL SERVICES MA N/A S 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0 1 SOUTHCOAST HOSPITALS GROUP INC K 1649397 CASH SOUTHCOAST HOSPITALS GROUP INC O 1513357 CASH SOUTHCOAST HOSPITALS GROUP INC P 4440313 CASH SOUTHCOAST HOSPITALS GROUP INC Q 76505119 CASH HEALTH MANAGEMENT INITIATIVES INC K 155833 CASH SOUTHCOAST VISITING NURSE ASSOCIATION INC P 1288760 CASH SOUTHCOAST VISITING NURSE ASSOCIATION INC Q 292119 CASH SOUTHCOAST VISITING NURSE ASSOCIATION INC M 1788493 CASH COASTLINE PROFESSIONAL ASSURANCE CORP LTD P 7448171 CASH SAME DAY SURGICARE OF NE INC Q 185333 CASH SAME DAY SURGICARE OF NE INC O 428344 CASH