In a bid to expand its footprint in the healthcare industry, Optum, a leading healthcare services and innovation company, has reportedly agreed to acquire Steward Health Care's struggling physician group as part of a proposed deal. The news comes at a time when Steward Health Care, a for-profit hospital chain based in Massachusetts, is grappling with financial difficulties due to mounting debt and operational challenges. Under the terms of the deal, Optum will take over management of Steward Medical Group, which comprises more than 500 physicians across New England. The acquisition is expected to bolster Optum's growing network of clinicians and strengthen its position as a major player in the healthcare industry. The financial details of the transaction have not been disclosed yet, but it is believed that Steward Health Care will use the proceeds to help pay down its debt. The deal is subject to regulatory approval and is expected to close in the coming months.
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