Steward Health Care to Sell Physician Network to UnitedHealth's Optum Care

1 min read
Source: Seeking Alpha
Steward Health Care to Sell Physician Network to UnitedHealth's Optum Care
Photo: Seeking Alpha
TL;DR Summary

Steward Health Care, a tenant of Medical Properties Trust, is reportedly selling its physician network to UnitedHealth's Optum Care arm in an effort to strengthen its national network of hospitals and resolve financial issues. The sale, which is expected to enable Steward to repay outstanding obligations to Medical Properties Trust, is pending regulatory approval and the price has not been disclosed. While seen as a positive step, uncertainties remain, leading to a neutral sentiment from analysts.

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