• Tue. May 28th, 2024

Optum Care acquires physician group from struggling Steward Health Care

Byeditor

Mar 27, 2024

Steward Health Care in Massachusetts has recently struck a deal to sell its physician group to Optum Care, as reported by Sen. Edward J. Markey D-Mass. Steward Health Care, which operates nine healthcare facilities in Massachusetts, is currently facing financial insecurity due to accumulated debt. The company was previously owned by Cerberus Capital Management, a private equity company that made significant profits from Steward.

Sen. Markey expressed concern over Steward’s financial instability and urged for a transition away from their practices. He emphasized the importance of maintaining healthcare access and ensuring patients and providers are the top priority. Markey suggested that Optum Care must demonstrate their commitment to controlling costs and prioritizing patient care.

Markey highlighted the need for healthcare reforms that prioritize patient outcomes over profit motives. As the chair of the Senate Health, Education, Labor, and Pensions Subcommittee on Primary Health and Retirement Security, Markey has called for Steward CEO Dr. Ralph de la Torre to testify at a congressional hearing in Boston on April 3rd.

For more information, readers can reach out to the writer at SMorse@himss.org.

By editor

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