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Optum drops out of Steward deal

July 1, 2024
Healthcare Finance News
Optum has decided not to proceed with its acquisition of Steward Health Care's physician group, as confirmed by the Massachusetts Health Policy Commission. Despite this, the parties have not yet withdrawn their material change notice filings with the Commission. The acquisition was initially part of Steward's bankruptcy restructuring efforts amid significant financial difficulties. The Department of Justice has objected to the proposed sale due to insufficient time for review. Steward Health Care continues to pursue other potential buyers for its physician group amidst ongoing financial instability.
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