Becker's Healthcare October 31, 2024
Financially troubled Steward Health Care has finalized the sale of its physician group to Nashville, Tenn.-based primary care provider Rural Healthcare Group, part of private equity firm Kinderhook Industries.
“The next step is to integrate the two organizations while making further investments to bolster the delivery of care,” Benson Sloan, CEO of Revere Medical, said in the release. “As Revere Medical, our mission of improving the lives of people in underserved areas through high-quality care remains unchanged.”
Here are five things to know:
1. Dallas-based Steward filed for Chapter 11 bankruptcy on May 6 to maintain operations at its existing locations. The health system entered into a definitive agreement in August to sell the physician group, known as Stewardship...
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