May 24, 2024 12:19 am
UnitedHealth acquires doctor network from Steward Health Care

Steward Health Care, a hospital operator facing financial difficulties with its Massachusetts hospitals, has taken steps to improve its financial situation by selling its national physician network to UnitedHealth’s Optum Care unit. The sale of Stewardship Health, the physicians group owned by the company, is being seen as a way for Steward Health Care to address its financial crisis and make improvements to its operations moving forward.

The documents filed with the state’s Health Policy Commission on Tuesday did not specify a price for the sale. Optum officials have not yet provided a comment on the deal, but it is seen as an important move for Steward Health Care to strengthen its system of 33 hospitals nationwide. Last year, the company struggled to pay bills and rents, leading to this strategic move.

Stewardship Health was formed in 2010 when Steward acquired Caritas Christiaansitatie Hospital in Brockton, Massachusetts. Since then, it has grown into a major player in the healthcare industry, providing primary care services to patients across the country. The sale of this physicians group is expected to help Steward Health Care improve its financial situation and focus on improving patient care at its hospitals.

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