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Steward Health Care has sold its physician network, Stewardship Health, to Rural Healthcare Group for $245 million amid ongoing bankruptcy proceedings. The acquisition, approved by federal regulators, will rebrand the organization as Revere Medical and aims to enhance local healthcare access while investing in infrastructure and technology. RHG, backed by Kinderhook Industries, focuses on serving underserved populations and plans to maintain continuity of care across its clinics in multiple states.
Steward Medical Group and Steward Health Care Network have been sold to Rural Healthcare Group, now rebranded as Revere Medical. The Massachusetts Health Policy Commission approved the sale, ensuring continuity of care for patients and committing to monitor RHG's operations over the next two years. Revere Medical aims to enhance care delivery while focusing on underserved communities.
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