10 payer M&A updates

From Centene signing an agreement to sell an artificial intelligence platform, to UnitedHealth Group's Optum pitching a $3.3 billion merger with a home-health provider, here are 10 payer merger and acquisition updates Becker's reported since March 31:  

1. Home and hospice care provider Amedisys received an unsolicited cash offer from UnitedHealth Group's Optum to merge, following an agreement in May to be purchased by infusion services provider Option Care Health. The deal with Optum is valued at $3.26 billion, according to Reuters.

2. Bright Health sold its virtual care platform Zipnosis to health technology company Florence. Financial terms of the deal were not disclosed. Bright originally purchased the company in 2021.

3. Humana's plan to purchase Wisconsin-based managed care company Inclusa passed state reviews.

4. Health Alliance Plan and CareSource finalized an agreement to create a joint venture to expand Health Alliance Plan's Medicaid business in Michigan.

5. Centene signed a definitive agreement to sell artificial intelligence platform Apixio to the private equity firm New Mountain Capital.

6. CVS Health completed its $10.6 billion acquisition of Chicago-based primary care company Oak Street Health.

7. Blue Cross Blue Shield of Michigan is planning to bring on Blue Cross and Blue Shield of Vermont as a subsidiary. Pending regulatory approval, BCBS Vermont would become a subsidiary of BCBS Michigan, but all governance, operational and policy decisions would still be made locally. 

8. UnitedHealth Group-owned LHC Group is buying Delaware-based home health company Summit Home Care. 

9. UnitedHealth's Optum arm purchased Middletown, N.Y.-based Crystal Run Healthcare, a multispecialty physician group with over 400 providers across more than 30 locations.

10. The U.K.'s Competition and Markets Authority referred UnitedHealth Group's proposed acquisition of the health technology firm EMIS Group for an in-depth investigation.

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