UnitedHealth acquires doctor network from Steward Health Care
Health

Steward Health Care Seeks to Sell Nationwide Physician Network to Optum Care Unit Amid Financial Struggles in Massachusetts

Steward Health Care, a hospital operator facing a financial crisis in Massachusetts, is considering selling its nationwide physician network to UnitedHealth’s Optum Care unit. This move is part of Steward’s plan to strengthen its national system of 33 hospitals and address financial challenges that have impacted its eight Massachusetts hospitals.

On Tuesday, a subsidiary of Optum called Collaborative Care Holdings, LLC filed notice with the state’s Health Policy Commission regarding the sale. While the documents filed did not include a specific price tag for the sale, Optum officials did not provide immediate comment on the matter. The potential acquisition of the physician network by Optum Care could provide a financial boost for Steward Health Care as it navigates its ongoing financial challenges.

Stewardship Health, which operates as Steward Medical Group and Caritas Christina Hospital, is the entity being proposed for sale. The doctors group has been struggling financially in recent years and has faced issues with reimbursements from various parties. By selling its physician network to Optum, Steward may be able to address some of these financial challenges and improve its overall financial position.

LEAVE A RESPONSE

As a content writer at newsauntering.com, I am Samantha Johnson—a wordsmith with a fervent love for storytelling and a keen eye for captivating readers. With a diverse background in journalism and digital marketing, I craft compelling narratives that engage, inform, and inspire our audience. Whether unraveling breaking news stories or delving into thought-provoking features, my aim is to deliver content that resonates and leaves a lasting impact. Join me on a journey through the ever-evolving landscape of news and narratives at newsauntering.com.