Fierce Healthcare March 27, 2024
Steward Health Care is planning to sell off its physician group to UnitedHealth Group’s Optum in order to right its struggling finances, according to documents filed with Massachusetts state regulators Tuesday.
The group, Stewardship Health, spans nine states and includes primary care and other clinicians in addition to a physician contracting network. A sale price was not disclosed.
Massachusetts’ Health Policy Commission (HPC) has 30 days to review the deal or request more information from the companies, who said the sale could close during this year’s second quarter, according to the filings.
“This is a significant proposed change involving two large medical providers, both in Massachusetts and nationally, with important implications for the delivery and cost of healthcare across Massachusetts,”...
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