Optum’s Steward physician group deal sours & 2 more called-off deals

Becker's Healthcare July 18, 2024
Patsy Newitt

Amid scrutiny from the Federal Trade Commission and other factors, at least three major healthcare deals have been scrapped since December

Here are the three deals:

1. Optum, parent company of ASC chain SCA Health, called off its plan to acquire financially troubled Steward Health Care’s 1,700-physician group. In March, Optum subsidiary Collaborative Care Holdings filed a notice with the Massachusetts Health Policy Commission to acquire the physician group, Stewardship Health, for an undisclosed amount.

Dallas-based Steward and Optum, which has nearly 90,000 affiliated physicians, had not finalized a purchase agreement.

2. Winston-Salem, N.C.-based Novant Health scrapped its planned $320 million acquisition of two hospitals from Franklin, Tenn.-based Community Health Systems after an appellate court granted the Federal...

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