Steward Health Care strikes deal to sell its nationwide physician network to Optum [Financial Post (Toronto, Ontario, Canada)]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Financial Post
BOSTON (AP) — 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. The move comes as Gov. Maura Healey has said state monitors are keeping eye on the nine health care facilities operated by Steward Health Care in Massachusetts, including hospitals in some of the state's poorer communities. Article content Article content The Dallas-based company operates more than 30 hospitals nationwide. Before the sale can be completed, the Massachusetts Health Policy Commission must review the proposal. The commission doesn't have the authority to block a transaction but can refer findings to the state Attorney General's office, the Department of Public Health, or other Massachusetts agencies for possible further action. The documents filed with the state did not include a cost for the transaction. Under the deal, Optum would aquire a
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