MedPage Today August 14, 2024
— Deal comes as Steward plans to sell six hospitals
BOSTON — Steward Health Care said it has reached an agreement to sell its nationwide physicians network to a private equity firm.
The deal comes as Steward is scheduled to go before a bankruptcy court judge Friday on its plan to sell six hospitals in Massachusetts. The Dallas-based company announced its bankruptcy May 6.
In a statement released Monday, Steward said it has entered into a “definitive agreement” to sell its Stewardship Health business — which includes about 5,000 physicians in Massachusetts and nine other states treating about 400,000 patients — to Rural Healthcare Group, an affiliate of Kinderhook Industries LLC, a private equity firm.
Steward said the deal, which...
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