UnitedHealth Group announced that one of its divisions, OptumHealth, has entered into an agreement to acquire Stewardship Health from Steward Health.
Stewardship Health is Steward Health’s physician network. The deal includes primary care doctors and other providers across nine states, including Massachusetts.
OptumHealth assists individuals to navigate the healthcare system, finance their care and achieve health and well-being goals. OptumHealth includes more than 90,000 doctors nationwide.
The deal is part of Steward’s effort to recover from a financial hole and preserve jobs. The deal is still being finalized. The financial terms were not disclosed. Previously in 2024, Quest Diagnostics acquired assets of Steward Health Care System’s outreach lab business, which is also part of Steward’s efforts to avoid bankruptcy.
According to data captured in the LevinPro HC database, this transaction marks the 132nd Physician Medical Group acquisition of the year, and the 10th in the internal medicine specialty. This is also OptumHealth’s first acquisition of 2024.
