Optum, a business unit of UnitedHealth Group, has agreed to purchase Steward Health Care's struggling physician group. The group, Stewardship Health, spans nine states and includes primary care and other clinicians in addition to a physician contracting network.

The acquisition will further expand the size of Optum, which already has more than 90,000 employed or affiliated physicians and another 40,000 advanced practice clinicians serving tens of millions of people. The Massachusetts' Health Policy Commission (HPC) has 30 days to review the deal or request more information from the companies, which said the sale could close during this year's second quarter.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.