etvfutures.com
etvfutures.com December 18, 2017


Optum to Purchase DaVita Medical Group for $4.9B

06 December 2017, 07:26 | Cesar Cruz

UnitedHealth to Buy DaVita's Physician Group For $4.9 Billion Cash

UnitedHealth's Optum to acquire DaVita Medical Group, DaVita up 3% premarket

Optum, part of UnitedHealth Group (UNH), said that it agreed to buy DaVita Medical Group, a subsidiary of DaVita Inc. That deal stands in contrast to the UnitedHealth mix, which involves a PBM in addition to health coverage and, now increasingly, physicians.

"Combining DaVita Medical Group and Optum advances our shared goal of supporting physicians in delivering exceptional patient care in innovative and efficient ways while working with more than 300 health care payers across Optum in ways that better meet the needs of their members", Optum CEO Larry C. Renfro said in a statement.

UnitedHealth's Optum division already has the ability to provide care directly to patients through its "strategic care delivery portfolio", including its Surgical Care Affiliates network of surgical centers, its MedExpress network of urgent-care centers, and its HouseCalls program to provide annual visits to patients at home.

At a time of increasing uncertainty in the health care marketplace, insurers, hospitals, doctors and drugstores are looking outside their traditional businesses to join forces.

DaVita Medical Group includes around 280 clinics offering primary and specialist care, as well as 35 urgent-care centers and six outpatient surgery centers.

Labor Senator referred to High Court over citizenship
Lower house members will be forced to submit details about their citizenship status this morning. 'This motion debases the House. Mr Feeney and Ms Gallagher were referred to the court separately.


DaVita bought the big medical group HealthCare Partners LLC in 2012 in a $4.42 billion deal that diversified it away from its core kidney-care business.

Reuters reported last month that DaVita was exploring a sale of its medical unit. DaVita later expanded it. Its shares are up 36.48% this year, while DaVita is higher by just 0.74%.

The deal is expected to close in 2018, but is subject to regulatory approvals.

DaVita plans to use the funds from the deal to settle financial matters including stock repurchases from shareholders and paying off corporate debts.



Other News

Trending Now

Mueller's budget tops $3.2 million so far in Trump-Russia probe
The rest was spent on the relocation of Justice employees temporarily assigned to the expanding investigation, the report showed. That analysis also found that Mueller's investigation is accelerating more rapidly than previous inquiries.

Whom should CSK and Rajasthan retain for IPL 2018?
Both the teams were banned from the IPL for two years (2016 and 2017) over matching fixing and betting charges. It is learnt that the franchise needs to include a minimum of three Indians among their five retained players.

Zinke defends monument changes, still supports Badger-Two Medicine protection
Zinke said the more than 2.5 million public comments on his review "overwhelmingly" favored the monuments remain unchanged. The protest came in light of the National Monument Report, which President Donald Trump asked Zinke to complete.

Rite Aid (NYSE:RAD) Raised to "Hold" at Zacks Investment Research
According to their observations and findings, the stock could provide a high EPS of $-0.01/share and a low EPS of $-0.02/share. For RAD , the company now has $238.98 Million of cash on the books, which is offset by $22.49 Million current liabilities.

Mostly sunny, high near 38 — TODAY'S FORECAST
But things will begin to get more interesting - and challenging for forecasters - on Thursday , Friday and Saturday . Tuesday, Dec. 12, a 40 percent chance of rain and snow is in the forecast, the weather service said.

Keisha Lance Bottoms Claims Victory As Atlanta Mayor, Norwood Demands A Recount
But as Stephannie Stokes reports from member station WABE in Atlanta, the crowd at Norwood's election party was energized too. Bottoms and Norwood had around 26 percent and 21 percent, respectively, in the vote in the general election on November 6.

Disney and Fox reportedly closing in on a deal
The Fantastic Four could finally get done the right way; Captain America could hang out with Professor X. Comcast is also thought to be in talks with Fox , but has not progressed as far as Disney, say sources.

Gus Malzahn says best days are ahead for Auburn
I'm the head coach at Auburn and I'm looking forward to seeing where this can go, what we've built, in the future. Gus Malzahn has agreed to a new seven-year deal to stay with Auburn , Brandon Marcello of 247 sports reports .

Chelsea boss Antonio Conte: 'Cesc Fabregas changed my mind about him'
Antonio Conte has praised Cesc Fabregas for forcing his way into his team with hardwork, saying he changed his mind about him. I'm enjoying my football. "We'll try our best to be consistent enough to reach the final and hopefully win".

President Donald Trump's controversial 'travel ban' is a DON DEAL
If anything, it said, the government's case has weakened. "But the justification for that dramatic relief has only weakened". Lawyers for Hawaii , which is challenging the ban, told the justices that there was no reason to make changes now.