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UnitedHealth acquires doctor network from Steward Health Care

In an effort to address its financial difficulties, Steward Health Care has announced the sale of its national physician network to UnitedHealth’s Optum Care unit. The sale of Stewardship Health, a doctors group known for its strong reputation, is seen as a strategic move to strengthen the hospital operator’s system of 33 hospitals nationwide. Last year, the company struggled to pay bills and rents, leading to this decision.

The documents filed with the state’s Health Policy Commission on Tuesday did not specify a price for the sale. However, it is clear that this move is part of Steward’s efforts to improve its financial situation and make changes to its operations moving forward. Optum officials have not yet provided a comment on the deal, but it is expected that this will bring new opportunities for both companies in the healthcare industry.

Steward Health Care has been facing financial challenges in recent years, which has led to concerns about its ability to provide quality care to patients. By selling Stewardship Health, the company hopes to address these challenges and improve its overall financial performance. It remains to be seen how successful this strategy will be in the long run, but one thing is certain – Steward Health Care will continue to play an important role in shaping the future of healthcare in Massachusetts and beyond.

By Samantha Jones

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