UnitedHealth scoops up physicians in purchase of 63K-member plan

UnitedHealth Group will acquire four clinics through its purchase of Peoples Health, a Metairie, La.-based Medicare Advantage plan, according to the Star Tribune.  

Advertisement

According to a Federal Trade Commission notice reviewed by the Star Tribune, UnitedHealth’s acquisition of the 63,000-member health plan includes Baton Rouge, La.-based Capital City Medical Group. At least seven physicians are practicing at the group’s clinics near Baton Rouge and New Orleans.

Financial terms of the deal, which was announced in June, were not disclosed.

UnitedHealth’s Optum arm has quietly been adding providers to its ranks since its acquisition of 250 Las Vegas-area physicians in 2008. UnitedHealth’s 32,000 employed or aligned physicians care for 15 million patients each year.

More articles on payers:
AMA urges Justice Department to block CVS-Aetna deal
Molina posts $202M profit after major restructure
Cigna blasts Carl Icahn for opposing proposed Express Scripts deal

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.