Troubled hospital operator Steward Well being Care, grappling with a monetary disaster that’s engulfed its eight Massachusetts hospitals, has moved to shore up its funds by hanging a deal to promote its nationwide doctor community to insurance coverage big UnitedHealth’s Optum Care unit.
The proposed sale of the medical doctors group, known as Stewardship Well being, is a part of Steward’s plan to bolster its nationwide system of 33 hospitals after the Dallas-based firm final 12 months fell behind in paying payments and rents.
On Tuesday, a subsidiary of Optum, Collaborative Care Holdings, LLC, filed discover with the state’s Well being Coverage Fee over the sale. A price ticket was not included in paperwork filed with the state, and Optum officers didn’t instantly reply to remark.