UnitedHealth acquires doctor network from Steward Health Care

Steward Health Care, a hospital operator facing financial difficulties with its Massachusetts hospitals, has taken steps to improve its financial situation by selling its national physician network to UnitedHealth’s Optum Care unit. The doctors group, known as Stewardship Health, is being sold as part of Steward’s efforts to strengthen its system of 33 hospitals nationwide.

The sale of Stewardship Health to Optum’s Collaborative Care Holdings, LLC was filed with the state’s Health Policy Commission on Tuesday. According to the documents filed, the price for the sale was not disclosed and Optum officials have not yet provided a comment on the deal.

Last year, the company struggled to pay bills and rents, leading to the need for this strategic move. This sale is seen as a way for Steward Health Care to address its financial crisis and make improvements to its operations moving forward.

Stewardship Health will continue to operate under Optum’s care management platform while providing integrated care services that include primary care, behavioral health and specialty services. This will allow Steward Health Care to focus on improving patient outcomes while reducing costs and increasing revenue streams.

By Sophia Gonzalez

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