Optum Care acquires physician group from struggling Steward Health Care

In recent news, Steward Health Care in Massachusetts has sold its physician group to Optum Care. This was announced by Senator Edward J. Markey, who expressed concerns about the company’s financial stability due to accumulated debt. The healthcare system previously belonged to Cerberus Capital Management, which made $800 million in profit from Steward.

Senator Markey emphasized the importance of moving away from Steward’s financial instability for the Massachusetts healthcare system and beyond. He hopes that Optum Care will prioritize controlling costs while also focusing on patients and providers.

Markey criticized the healthcare system for putting more emphasis on profit than patient outcomes, and he believes that healthcare reform is necessary to address these issues. As the chair of the Senate HELP Subcommittee on Primary Health and Retirement Security, he has invited Steward CEO Dr. Ralph de la Torre to testify at a congressional hearing in Boston on April 3.

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By Samantha Johnson

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