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 . . .

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Mergers & Acquisitions

2020 and 2021 saw record numbers of mergers, acquisitions, affiliations, and partnerships and this raises the strategic question for any executive team of a specialty provider organization, do they have market positioning for a sustainable future and can they address that issue with changes in scale. Almost every executive team is considering collaborations to keep their competitive advantage. It’s imperative to find out if those collaborations were successful in improving competitive advantage, as well as the “tricks of the trade” in making collaboration work.


Outpatient care, specialty services, and cost containment solutions are projected to drive merger and acquisition activity in the health care sector during 2026, according to a recent report by VMG Health. Increased deal volume is projected for physician practices, behavioral health, home-based care, and ambulatory surgery centers. Technology, including artificial intelligence (AI), is being used to strengthen diagnostics, automation, and workflow optimization, is emerging as a differentiator in health care mergers and acquisitions, particularly in… Read