Steward Health Care Sells Its Physician Network to Optum Care to Boost Finances Amid Financial Crisis”.

UnitedHealth acquires doctor network from Steward Health Care

Steward Health Care, a hospital operator facing a financial crisis, has announced its decision to sell its nationwide physician network to UnitedHealth’s Optum Care unit. The move is part of Steward’s plan to strengthen its national system of 33 hospitals.

The doctors group, known as Stewardship Health, is the entity being proposed for sale. On Tuesday, a subsidiary of Optum called Collaborative Care Holdings, LLC, officially 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.

Steward has been struggling financially in recent years and has faced several challenges in paying various parties. This 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.

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