Here are four things to know:
1. In March, Optum subsidiary Collaborative Care Holdings filed a notice with the Massachusetts Health Policy Commission to acquire the physician group, Stewardship Health, for an undisclosed amount.
2. Dallas-based Steward and Optum, which has nearly 90,000 affiliated physicians, had not finalized a purchase agreement.
3. According to the Globe, Optum is no longer pursuing the acquisition and whether Steward has negotiated with other buyers is unknown.
4. The sale was originally a part of the hospital system’s plan to mitigate financial distress. Steward filed for bankruptcy May 6 and is required to sell its assets through auctions.
Becker’s has reached out to Steward and Optum and will update this story as more information becomes available.
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