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Steward Health Care, the hospital operator grappling with financial issues under Medical Properties Trust’s (NYSE:MPW) portfolio, struck a deal to offload its physician network to UnitedHealth’s (NYSE:UNH) Optum Care arm, according to a media report dated Wednesday.
The proposed sale of the managed care business, called Stewardship Health, aligns with Steward’s efforts to strengthen its national network of 33 hospitals following financial setbacks last year, which resulted in overdue bills and rents.
The move would be a “positive step to help the health system resolve its immediate financial issues,” RBC Capital
