UnitedHealth Group’s acquisition of home-health firm LHC Group is reportedly on track to be completed by December. The deal is one of several large mergers and acquisitions conducted by the payer this year.
Here are six of UnitedHealth’s biggest mergers and acquisitions of 2022:
1. UnitedHealth Group’s Optum arm acquired Refresh Mental Health from private equity firm Kelso & Co., Axios reported March 24, citing sources. Jacksonville Beach, Fla.-based Refresh runs a network of more than 300 outpatient sites across 37 states and has more than 1,500 employees.
2. Optum agreed March 29 to buy Lafayette, La.-based LHC Group in a $5.4 billion deal. LHC employs about 30,000 people, including front-line care providers and administrative and support personnel. It has operations in 37 states and cares for more than 500,000 patients annually.
3. Optum finalized a deal to acquire Houston-based Kelsey-Seybold Clinic, Axios reported April 4. Kelsey-Seybold is a group practice offering treatment in 55 medical specialties across 24 locations in the Houston area and employs more than 500 physicians and allied health professionals.
4. The Massachusetts attorney general’s office gave Optum clearance to buy Atrius Health, a 30-location independent physician organization, on April 21. With the approval, Optum plans to pay $236 million for the Newton, Mass.-based health system, which includes 645 physicians and primary care providers.
5. UnitedHealth disclosed in a regulatory filing it acquired KS Plan Administrators, a Medicare health insurer in Houston, the Star Tribune reported Aug. 16. KS Plan Administrators is affiliated with Kelsey-Seybold. KS Plan Administrators covered about 41,000 Medicare beneficiaries and generated about $147 million in premium revenue in the first quarter of 2021.
6. UnitedHealth completed its $7.8 billion acquisition of Change Healthcare on Oct. 3. The deal merges Optum with the healthcare data and analytics giant. The completed merger comes after a Washington, D.C., federal judge cleared the path for UnitedHealth Group to move forward with the acquisition of Change Healthcare. The deal, which was highly scrutinized by the federal government, was previously called anticompetitive because Change Healthcare has access to data from insurer customers.Source: Beckers Payer