Rural Healthcare Group Set To Acquire Steward Health Care’s Physician Group

Rural Healthcare Group (RHG), part of private equity firm Kinderhook Industries, will acquire the physician group of Steward Health Care. According to court documents, the purchase price is $245 million cash.

During May 2024, Steward filed for Chapter 11 bankruptcy. It is also looking for a buyer for its hospitals. The deal with RHG is awaiting bankruptcy court approval and will also be subject to regulatory approval.  

The physician group unit is called Stewardship Health. It combines Steward Health Care Network and the Steward Medical Group primary care providers with an integrated primary care network of around 5,000 employed . . .