Radiology Business May 6, 2024
A delay in the sale of a nine-state multispecialty radiology provider to UnitedHealth Group has prompted the hospital operator to file for Chapter 11 bankruptcy protection, leaders announced Monday.
UHG’s OptumCare subsidiary recently reached a deal to acquire Dallas-based Steward Medical Group. Part of the larger Steward Health Care hospital system, the physician group spans 450 practices and employs 1,700 providers including nearly 200 radiologists.
Massachusetts authorities in March announced plans to rigorously review the sale amid concerns about the impact it could have on competition. Meanwhile, Steward said it can’t wait any longer and needs to file for bankruptcy protection.
“Steward Health Care has done everything in its power to operate successfully in a highly challenging healthcare environment. Filing...
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