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Mass. lawmakers say planned sale of Steward's physician network demands scrutiny
Elected officials are voicing skepticism about a planned deal to sell Steward Health Care’s physician network to for-profit insurer Optum, questioning whether it might do more harm than good as Massachusetts grapples with fallout from Steward’s financial upheaval. A day after regulators announced they would review a potential sale of Stewardship Health to Optum Care, House Speaker Ron Mariano...
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Steward's physician group purchased by Optum, Sen. Markey says
In a disclosure that hinted that further transactions, state health care officials received notifications Tuesday in connection with the proposed sale of Stewardship Health Inc. and the contracting Steward Health Care Network to OptumCare, a subsidiary of UnitedHealth Group. The office of Sen. Ed Markey issued a press release that “Minnesota-based Optum Financial has purchased the physician group of Steward…
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Mass. lawmakers exploring Steward Health Care crisis
Massachusetts lawmakers are holding a hearing Monday to discuss private equity ownership in healthcare. This comes as Steward Health Care, which owns nine hospitals in Massachusetts is in the middle of a financial crisis. The company is now considering pulling out of the state. If this happens, health care will be far less accessible for hundreds of thousands of people….
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Healey calls Steward Health Care ‘a house of cards and a charade'
Steward Health Care, which teeters on a financial crisis that could put multiple Massachusetts hospitals in jeopardy, is a “house of cards and a charade,” Gov. Maura Healey said on Monday, continuing to lash out at the for-profit health care system that is one of the state’s largest employers. A handful of executives that run the hospital system put...
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Governor wants Steward Health Care to leave Massachusetts
It’s unclear what the next steps are for the troubled Steward Health Care.
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Governor Healey wants Steward Health Care to leave Massachusetts
The office of Gov. Maura Healey said Friday that the embattled Steward Health Care system has to get out of Massachusetts. “The financial information that Steward provided this week continues to be incomplete and insufficient. What Steward must do from this point forward is clear – complete an orderly transition out of Massachusetts”, said the governor’s office in a statement…
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Governor Healey wants Steward Health Care to leave Massachusetts
Elected officials have been pressuring Steward, the owner of nine health care facilities across the state, including Carney Hospital in Dorchester, to turn over its financial records.
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Healey's office says Steward Health Care ‘must' leave Massachusetts
The office of Gov. Maura Healey said Friday that the embattled Steward Health Care system has to get out of Massachusetts. The announcement came after the state’s deadline for Steward to turn its financial records to the state. “The financial information that Steward provided this week continues to be incomplete and insufficient,” Healey spokesperson Karissa Hand said in a...