UnitedHealth Group's Optum arm struck a deal with Reliant Medical Group, a physician group in Worcester, Mass., for at least $80 million, according to Federal Trade Commission filings.
Optum unveiled plans to buy the 230-member physician group in May 2017 for an undisclosed amount.
According to a Feb. 15 FTC notice, Optum received an early termination for the waiting period on its deal with Reliant before the statutory period expired. The FTC's transaction size threshold for reporting proposed acquisitions and mergers is $84.4 million for 2018, and was $80.8 million a year before. This means Optum's bid for Reliant is at least at the FTC's $80 million threshold.
Reliant Medical Group is one of several physician groups Optum is adding to its portfolio. Optum will acquire DaVita Medical Group for approximately $4.9 billion in cash, adding nearly 300 medical clinics to its network. Optum also is merging with Deerfield, Ill.-based Surgical Care Affiliates.
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