Financially embattled hospital operator Steward Health Care has struck a deal to sell its nationwide physician network to Optum, a subsidiary of UnitedHealth Group, as it works to stabilize its finances. Optum would acquire a Steward affiliate that includes the company’s primary care doctors and other clinicians in nine states.
Democratic U.S. Sen. Edward Markey called on Wednesday, March 27, 2024, for greater oversight of a deal that financially embattled hospital operator Steward Health Care has struck to sell its nationwide physician network to Optum, a subsidiary of UnitedHealth Group, at a press conference in his office at the John F. Kennedy Federal Building in Boston. Markey said Optum must show it can protect health care access by controlling costs and putting patients and providers first.
The documents filed with the state did not include a cost for the transaction. Under the deal, Optum would aquire a Steward affiliate that includes the company’s primary care doctors and other clinicians in nine states. Once all required information has been provided about the sale, the commission will have 30 days to assess any potential impacts of the transaction.
“With this announcement, Optum must demonstrate that it can meet the even greater responsibility to preserve and protect health care access,” Markey said at a Wednesday press conference in Boston. “I hope they will live up to that responsibility by controlling costs and putting patients and providers first.”
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