Optum's spending spree continues

UnitedHealth Group's Optum, parent company of ASC chain SCA Health, is on a spending spree, acquiring more than $10 billion worth of companies in the last year. 

Here are seven deals to know in the last year:

1. Tacoma, Wash.-based Virginia Mason Franciscan Health partnered with Optum Washington, with Virginia Mason Medical Center in Seattle operating as the physician group's primary acute-care referral center, according to the health system.

2. This week, Optum has agreed to merge with Amedisys, a home health and hospice provider, in a $3.3 billion deal. 

3. Optum acquired Middletown, N.Y.-based multispecialty group Crystal Run Healthcare effective Feb. 22. The group has more than 400 providers across more than 30 locations. 

4. In February, Optum closed a $5.4 billion deal to add home health and hospice company LHC Group to Optum's network. LHC Group will join Optum with 29,000 employees and more than 950 locations across 37 states.

5. In January, Optum inked two deals. Optum partnered with Northern Light Health in Brewer, Maine, and Owensboro (Ky.) Health to take over administrative functions so the systems could focus on patient care. Around 1,400 Northern Light Health employees and 575 Owensboro Health employees are transitioning to Optum.

6. In August, Optum acquired Houston-based Kelsey-Seybold, a multispecialty physician group, for around $2 billion. Kelsey-Seybold has cancer and women's health centers, ASCs, and a sleep center.

7. In July, Optum purchased Healthcare Associates of Texas, a Dallas-based physician practice management company, for $300 million. Healthcare Associates of Texas offers family medicine, physical therapy, sleep medicine, a wellness clinic, pharmacy, and lab and imaging services.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers

Featured Podcast