• Sun. Jun 9th, 2024

UnitedHealth acquires doctor network from Steward Health Care

Byeditor

Mar 27, 2024

Troubled hospital operator Steward Health Care is currently facing a financial crisis that has impacted its eight Massachusetts hospitals. In an effort to stabilize its finances, Steward has made the decision to sell its nationwide physician network to UnitedHealth’s Optum Care unit. This move is part of Steward’s overall plan to strengthen its national system of 33 hospitals, especially after falling behind in payments to various parties last year.

The doctors group, known as Stewardship Health, is the entity being proposed for sale. On Tuesday, a subsidiary of Optum called Collaborative Care Holdings, LLC, officially filed notice with the state’s Health Policy Commission regarding the sale. While the documents filed did not include a specific price tag for the sale, Optum officials did not provide immediate comment on the matter. This potential acquisition of the physician network by Optum Care could potentially provide a financial boost for Steward Health Care as it navigates its ongoing financial challenges.

By editor

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