Healthcare DIVE April 10, 2024
Antitrust agencies could be sympathetic toward the deal, given Steward’s financial distress and important hospital portfolio. But sympathy won’t shield the deal from scrutiny, an expert said.
Dive Brief:
- Massachusetts’ congressional delegation has asked the Federal Trade Commission and the Department of Justice to “closely scrutinize” UnitedHealth’s proposed acquisition of Steward Health Care’s physician group.
- The proposed deal, which was announced late last month, could offer indebted Steward a needed influx of cash as it seeks to restructure and keep hospitals open. However, a “quick fix” sale to “a vertically integrated UnitedHealth colossus” could do more harm than good if it stifles competition, lawmakers warned in a letter sent last week.
- The deal, which is expected to close...
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