Steward Health Care Sells Physician Network to UnitedHealth’s Optum Care in Financial Crisis Move

UnitedHealth acquires doctor network from Steward Health Care

Steward Health Care, a hospital operator facing a financial crisis, has announced its decision to sell its nationwide physician network to UnitedHealth’s Optum Care unit. The move is part of the company’s plan to strengthen its national system of 33 hospitals. In addition, the company has fallen behind in payments to various parties last year.

The sale involves Stewardship Health, the entity responsible for managing the physicians in the network. On Tuesday, a subsidiary of Optum called Collaborative Care Holdings, LLC filed notice with the state’s Health Policy Commission regarding the sale. While no specific price tag was mentioned in the documents filed, Optum officials did not provide immediate comment on the matter.

The acquisition of Stewardship Health by Optum could potentially provide a financial boost for Steward Health Care as it navigates its ongoing financial challenges. It remains to be seen what impact this will have on patients and healthcare providers in Massachusetts and beyond.

Steward Health Care, a hospital operator facing a financial crisis, has announced its decision to sell its nationwide physician network to UnitedHealth’s Optum Care unit. The move is part of the company’s plan to strengthen its national system of 33 hospitals. In addition, the company has fallen behind in payments to various parties last year.…

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