Here’s what ASC leaders need to know about the recent deals:
1. UnitedHealth Group, Optum’s parent company, acquired home healthcare business LHC Group for $5.4 billion, CNBC reported March 29. Lafayette, La.-based LHC Group offers in-home health and hospice care from 964 locations in 37 states. Through the terms of the deal, expected to close later this year, Optum will pay $170 in cash for each share of LHC’s stock.
2. The company reportedly purchased Jacksonville Beach, Fla.-based Refresh Mental Health from private equity firm Kelso & Co. Refresh Mental Health has a network of more than 300 outpatient sites across 37 states with more than 1,500 employees. While financial terms have not been disclosed, Kelso & Co. bought Refresh Mental Health in December 2020 for around $700 million.
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