3 providers being acquired by payers

Payers are continuing to snap up providers. 

In December, Optum Health CEO Amar Desai, MD, said the company employs 90,000 physicians. Optum, part of UnitedHealth Group, is the largest employer of physicians in the U.S. 

In the first days of 2024, Optum and Elevance Health announced plans to acquire providers. Here are three pending deals to watch: 

  1. Elevance Health plans to acquire Paragon Healthcare. The Plano, Texas-based company has more than 40 ambulatory infusion centers in eight states, serving more than 35,000 patients on-site and in their homes. Elevance said it will expand Paragon's geographic footprint after the acquisition.

  2. UnitedHealth Group's Optum is seeking to acquire physician-owned Corvallis (Ore.) Clinic, which operates 11 locations and an ASC in the state. The Oregon Health Authority is reviewing the proposed deal.

  3. Optum plans to acquire home-health provider Amedisys. The deal, announced in July, is still pending. A majority of Amedisys shareholders approved the deal in September, but it is facing scrutiny from the Justice Department, which requested additional information about the proposed merger in August and extended the waiting period for the deal under federal law. 

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