'Steward Health Care Has Deal To Sell Doctor Network To UnitedHealth' - STAT News
Portfolio Pulse from Benzinga Newsdesk
Steward Health Care is selling its nationwide physician network, Stewardship Health, to UnitedHealth's Optum Care unit to improve its financial situation. This move comes after Steward faced financial difficulties, falling behind in paying bills and rents for its 33 hospitals. The sale was announced by Optum's subsidiary, Collaborative Care Holdings, LLC, but the price was not disclosed.
March 27, 2024 | 3:58 pm
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UnitedHealth's acquisition of Stewardship Health could expand its Optum Care unit, potentially enhancing its market position and service offerings.
The acquisition of Stewardship Health by UnitedHealth's Optum Care unit is likely to positively impact UNH's stock in the short term. This move could enhance Optum's service offerings and market position, making it a more competitive player in the healthcare sector. The financial details were not disclosed, but the strategic nature of this acquisition suggests a positive outlook for UnitedHealth.
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