Sen. Markey Urges Healthcare Reform Amid Steward Sale to Optum Care

Optum Care acquires physician group from struggling Steward Health Care

Steward Health Care, a Massachusetts-based healthcare company, has recently agreed to sell its physician group to Optum Care. The news was reported by Sen. Edward J. Markey D-Mass. According to Markey, Steward has been struggling financially due to accumulated debt and previously being owned by Cerberus Capital Management, a private equity company that made significant profits from the company.

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 as they take ownership of the physician group.

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. He believes that healthcare reforms need to prioritize patient outcomes over profit motives in order to ensure sustainable healthcare for all Americans.

For more information about this topic or any other questions you may have, please contact the writer at SMorse@himss.org

Steward Health Care, a Massachusetts-based healthcare company, has recently agreed to sell its physician group to Optum Care. The news was reported by Sen. Edward J. Markey D-Mass. According to Markey, Steward has been struggling financially due to accumulated debt and previously being owned by Cerberus Capital Management, a private equity company that made significant…

Leave a Reply