Steward Health Care Sells Physician Network to UnitedHealth’s Optum Care Amid Financial Crisis in Massachusetts Hospitals

UnitedHealth acquires doctor network from Steward Health Care

Steward Health Care, a troubled hospital operator, 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.

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.

Stewardship Health, the doctors group being proposed for sale, could potentially provide a financial boost for Steward Health Care as it navigates its ongoing financial challenges. The potential acquisition of the physician network by Optum Care could help Steward Health Care improve its financial stability and secure its future in the healthcare industry.

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