Key Highlights
- Steward Health Care to sell Stewardship Health to Rural Healthcare Group.
- Transaction pending Bankruptcy Court and regulatory approval.
- Stewardship Health serves ~400,000 lives across nine states.
- Rural Healthcare Group focuses on underserved and underinsured areas.
Source: Business Wire
Notable Quote
- “As part of the ongoing Chapter 11 proceedings, following a robust and active bidding process, Steward Health Care is pleased to have reached an agreement with Rural Healthcare Group.” — Mark Rich, President at Steward Health Care
SoHC's Take
This strategic sale underscores Steward Health Care’s commitment to ensuring the continued provision of high-quality, value-based care, even amid financial restructuring. By transferring ownership of Stewardship Health to Rural Healthcare Group, a respected entity with a strong focus on underserved communities, Steward Health Care is taking a significant step toward sustaining its mission while navigating the complexities of Chapter 11 proceedings. This transaction is poised to benefit both patients and physicians, with a continued emphasis on accessibility and excellence in healthcare delivery.
