Optum Care acquires physician group from struggling Steward Health Care

Senator Edward J. Markey has raised concerns about the financial stability of Steward Health Care in Massachusetts, which is selling its physician group to Optum Care. The company operates nine health care facilities in the state and has been facing financial instability due to accumulated debt.

Steward Health Care was previously owned by Cerberus Capital Management, which made $800 million in profit from the company. Senator Markey believes that healthcare reform is necessary to address the issues that Steward’s financial instability presents for the Massachusetts healthcare system.

The senator expressed his hope that Optum Care will prioritize controlling costs and prioritizing patients and providers as it takes over Steward’s physician group. He also criticized the healthcare system for focusing more on profit than patient outcomes, saying that this approach is harmful to both patients and providers.

As a result of these concerns, Senator Markey has invited Steward CEO Dr. Ralph de la Torre to testify at a congressional hearing in Boston on April 3. The writer can be contacted at SMorse@himss.org for more information on this topic.

By Sophia Gonzalez

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