Healthcare Innovation March 27, 2024
David Raths

Details of the proposed sale by financially troubled Steward will be reviewed by the Massachusetts Health Policy Commission to examine potential impacts on costs, quality, access, and equity

Financially troubled Steward Health Care has announced plans to sell its physician network to Optum Care, a division of UnitedHealth Group, for an undisclosed sum.

Dallas-based Steward has faced significant financial trouble in Massachusetts, where it operates nine healthcare facilities. It will permanently close New England Sinai Acute Long-Term Care And Rehabilitation Hospital in Stoughton on April 2.

WBUR in Boston reported that Steward revealed its plan to sell the physician network to Optum in a notice to the Massachusetts Health Policy Commission on March 26. “The deal is part of...

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Topics: Govt Agencies, Mergers & Acquisitions / JV, Physician, Provider, States, Trends
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