6 recent payer mergers and acquisitions

Here are six payer merger and acquisition updates Becker's has reported since Oct. 17. 

  1. Cigna's health services arm Evernorth will be a minority owner in VillageMD after it invested in the primary care disruptor's acquisition of Summit Health. Evernorth's collaboration with VillageMD is part of its effort to accelerate value-based services, the company said. The deal is expected to close in the first quarter of 2023. 

  2. Elevance Health is acquiring the nation's largest independent specialty pharmacy, BioPlus.The payer said once the deal closes, expected in the first quarter of 2023, BioPlus will operate as part of its pharmacy benefit manager, IngenioRx.

  3. UnitedHealth Group's acquisition of Lafayette, La.-based home-health firm LHC Group is on track to be completed in December. The parties are said to have substantially complied with the Federal Trade Commission's second request into the acquisition, Seeking Alpha reported Dec. 8, referencing a Dealreporter report. The agency is expected to close its information request quietly. 

  4. Blue Cross Blue Shield of Minnesota is selling its home healthcare subsidiary, Livio Health, to senior health company Lifespark. As part of the deal, BCBS Minnesota will become a minority owner of Lifespark.

  5. Blackstone could sell its 50 percent stake in software firm HealthEdge, raising the value of the company to $3 billion. Any potential deal is still in early stages, Bloomberg reported Oct. 28.

  6. UnitedHealth Group sold $9 billion of bonds that will help to refinance short-term debt the company took on to partially fund its purchase of Change Healthcare for $7.8 billion, a deal that closed in September. The company is also spending at least $100 million to integrate Change Healthcare with Optum Insight.

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