Steward Health Care’s Physician Group Sold to Optum Care Amid Financial Instability Concerns

Optum Care acquires physician group from struggling Steward Health Care

Recently, Steward Health Care in Massachusetts announced a deal to sell its physician group to Optum Care. According to Senator Edward J. Markey D-Mass, this news is concerning, given that Steward is currently facing financial instability due to accumulated debt. The company was previously owned by Cerberus Capital Management, a private equity firm that made significant profits from the company.

As a concerned citizen and elected official, Markey urged for changes in Steward’s practices and expressed his worry over their financial stability. He emphasized the importance of prioritizing patients and providers over profit motives. In his statement, he called on Optum Care to demonstrate their commitment to controlling costs while prioritizing patient care.

Markey highlighted the need for healthcare reforms that prioritize patient outcomes over profit motives. As the chair of the Senate Health, Education, Labor, and Pensions Subcommittee on Primary Health and Retirement Security, he has called for Steward CEO Dr. Ralph de la Torre to testify at a congressional hearing in Boston on April 3rd.

The implications of this deal are far-reaching and will have consequences for patients and providers alike. As such, it is crucial that we continue pushing for reforms that prioritize patient outcomes over profit motives. For more information about this story or any other healthcare-related topics, readers can reach out to me at SMorse@himss.org.

In conclusion, it is important to note that the sale of Steward Health Care’s physician group marks an important moment in healthcare policy in Massachusetts. As we continue to navigate through these uncertain times, it is crucial that we remain vigilant and demand transparency from those involved in healthcare decisions.

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