Here are four things to know:
1. Fresenius Medical Care, a division of Bad Homburg, Germany-based Fresenius SE, sold its majority share April 21 in Sound Inpatient Physicians Holdings. Sound Inpatient Physician Holdings is an acute care services organization. Fresenius divested its shares to an investment consortium led by Summit Partners, a private equity firm based in Boston.
2. A June 6 Moody’s Investors Service report assigning a rating on debt related to the deal revealed OptumHealth as the other company acquiring a controlling interest in Sound Inpatient Physicians Holdings. Optum is UnitedHealth’s patient care division, which is rapidly expanding, and has some 8,000 more physicians than Oakland, Calif.-based Kaiser Permanente.
3. As of last year, Sound Inpatient Physicians Holdings had 3,500 employees and generated about $1.3 billion in revenues.
4. UnitedHealth did not immediately respond to the Star Tribune‘s request for comment.
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