UnitedHealth Group’s Optum has sold interest in some of Optum’s Florida WellMed clinics to private equity company TPG, Bloomberg originally reported Sept. 9. UnitedHealth Chief Financial Officer Wayne DeVeydt told Bloomberg that the healthcare company was looking for a partner…
M&A
The Arkansas Insurance Department has approved a strategic affiliation between Arkansas Blue Cross and Blue Shield and Cambia Health Solutions, clearing the deal to take effect Oct. 1. The two organizations first announced the deal in November. Arkansas Blue Cross…
Pharmacy benefit managers LucyRx and Abarca Health completed their strategic combination, according to an Aug. 20 news release. Across commercial and government markets, the PBMs serve more than 9 million members total. The companies now operate as wholly owned subsidiaries…
Amid an industry landscape where the largest insurers have spent years diversifying their portfolios, one regional payer is betting that the current wave of financial disruption is presenting an opportunity to grow. WPS Health Solutions, an 80-year-old nonprofit insurer headquartered…
Cityblock Health has signed a definitive agreement to acquire Homeward Health, a rural-focused Medicare Advantage provider, in an all-stock transaction. The combination pairs Cityblock’s urban Medicaid and dual-eligible care model with Homeward’s rural-first approach, Cityblock CEO and co-founder Toyin Ajayi,…
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Medicare Advantage insurer Alignment Health is expecting to grow into new markets and carry out acquisitions — and now has the financial backing to do so. The insurer laid out its plan in a July 30 Securities and Exchange Commission…
UnitedHealth Group paid $3 billion for benefits administration platform Alegeus, according to an Aug. 10 filing with the Securities and Exchange Commission. The company had not previously disclosed a price for the deal. In the filing, which does not directly…
The No Surprises Act, passed in 2020 and implemented in 2022, was designed to protect patients from unexpected out-of-network medical bills. It also established the federal independent dispute resolution (IDR) process, allowing out-of-network providers and health plans to resolve payment…
Healthcare company Included Health is acquiring Firefly Health, a clinically integrated health plan and primary care company. Firefly currently serves more than 20,000 individuals across the U.S. Firefly previously reported 15% lower total cost of care in 2025 across its…
The country’s biggest payers have been branching out beyond insurance for years — and the investments keep mounting. As insurers partake in health services, the line between coverage and care delivery blurs. But, while some bets pay off and position…