• Fri. Jun 14th, 2024

Steward Health Care Sells National Physician Network to Optum Care in Effort to Turn Around Finances

BySamantha Jones

Mar 27, 2024
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 doctors group, known as Stewardship Health, is being sold as part of Steward’s efforts to strengthen its system of 33 hospitals nationwide.

The sale of Stewardship Health to Optum’s Collaborative Care Holdings, LLC was filed with the state’s Health Policy Commission on Tuesday. The documents did not specify a price for the sale, and Optum officials have not yet provided a comment on the deal. This sale is seen as a way for Steward Health Care to address its financial crisis and make improvements to its operations moving forward.

Last year, the company struggled to pay bills and rents, leading to the need for this strategic move. Steward Health Care hopes that by selling Stewardship Health, it can focus on improving the financial health of its hospitals and other operations across the country. The company has been working hard to turn around its finances and make sure that it can continue to provide high-quality care to patients.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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