Healthcare DIVE August 13, 2024
It’s a major win for bankrupt Steward, which has sought to offload its physician group since December.
Steward Health Care has reached an agreement to sell its more than 3,500-strong physician network to a private equity firm for a proposed purchase price of $245 million, according to documents filed in federal bankruptcy court on Monday night.
Rural Healthcare Group, an affiliate of private equity firm Kinderhook Industries, will buy the physician group through Brady Health Buyer, a company set up by Kinderhook to complete the transaction.
It’s a major win for bankrupt Steward, which has had mixed success selling its hospitals at auction and has sought to offload its physician group, Stewardship Health, since December. Steward thought it found a...
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