In Distress, Steward Proposes Sale of Doctors Group to Optum

Financially distressed Steward Health Care plans to sell its network of doctors to a division of the for-profit health care giant, UnitedHealth Group, for an undisclosed sum. The deal is part of Steward’s effort to climb out of a financial hole that has shaken the Massachusetts health care industry. Steward revealed its plans in a notice to the Massachusetts Health Policy Commission Tuesday. The company said it has reached an agreement to sell its physician group, Stewardship Health, to OptumCare, which is a sister company of the big insurer, United Healthcare. The deal includes primary care doctors and other providers across nine states, including Massachusetts.

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Source: https://www.wbur.org/news/2024/03/27/steward-hospitals-physician-network-united-health-care

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