Optum Care acquires physician group from struggling Steward Health Care

Senator Edward J. Markey has expressed concerns about the financial stability of Steward Health Care in Massachusetts, which is now selling its physician group to Optum Care. Steward operates nine health care facilities in the state and has been facing accumulated debt. The company was previously owned by Cerberus Capital Management, which made $800 million in profit from Steward.

Markey believes that healthcare reform is necessary to address the issues that have led to Steward’s financial instability and the impact it has on hospitals in Massachusetts and beyond. He hopes that Optum Care will prioritize controlling costs and prioritizing patients and providers, as opposed to focusing solely on profit.

As the chair of the Senate HELP Subcommittee on Primary Health and Retirement Security, Markey has invited Steward CEO Dr. Ralph de la Torre to testify at a congressional hearing in Boston on April 3. The hearing aims to shed light on Steward’s financial situation and its impact on the healthcare system in Massachusetts.

For more information, contact the writer at SMorse@himss.org.

By Riley Johnson

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