UnitedHealth acquires doctor network from Steward Health Care

Steward Health Care, a hospital operator in Massachusetts, has sold its national physician network to UnitedHealth’s Optum Care unit as part of efforts to improve its financial situation. The sale of Stewardship Health, which operates under the name Steward Medical Group, was filed with the state’s Health Policy Commission on Tuesday.

The documents did not specify a price for the sale, and Optum officials have not yet provided a comment on the deal. However, it is seen as a way for Steward Health Care to address its financial crisis and make improvements to its operations moving forward.

Last year, the company struggled to pay bills and rents, leading to the need for this strategic move. As part of its efforts to strengthen its system of 33 hospitals nationwide, Steward has been looking for ways to improve its financial position. The sale of Stewardship Health is just one step in that direction.

By Riley Johnson

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