Steward Health Care in Massachusetts: Selling Physician Group to Optum Care; Senator Markey Urges Prioritization of Patient Care

Optum Care acquires physician group from struggling Steward Health Care

Steward Health Care in Massachusetts has recently struck a deal to sell its physician group to Optum Care, as reported by Sen. Edward J. Markey D-Mass. The company was previously owned by Cerberus Capital Management, a private equity company that made significant profits from Steward.

Sen. Markey expressed concern over Steward’s financial instability and urged for a transition away from their practices. He emphasized the importance of maintaining healthcare access and ensuring patients and providers are the top priority. Markey suggested that Optum Care must demonstrate their commitment to controlling costs and prioritizing patient care.

As the chair of the Senate Health, Education, Labor, and Pensions Subcommittee on Primary Health and Retirement Security, Markey has called for Steward CEO Dr. Ralph de la Torre to testify at a congressional hearing in Boston on April 3rd. He highlighted the need for healthcare reforms that prioritize patient outcomes over profit motives.

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