From CVS Health completing its acquisition of Oak Street Health, to Blue Cross Blue Shield of Michigan planning to bring on Blue Cross and Blue Shield of Vermont as a subsidiary, here are seven payer merger and acquisition updates Becker's has reported since March 29:
1. Centene signed a definitive agreement to sell artificial intelligence platform Apixio to the private equity firm New Mountain Capital.
2. CVS Health completed its $10.6 billion acquisition of Chicago-based primary care company Oak Street Health.
3. 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.
4. UnitedHealth Group-owned LHC Group is buying Delaware-based home health company Summit Home Care.
5. 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.
6. 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.
7. The Standard will acquire Elevance Health's disability, accidental death and dismemberment, absence management and paid family leave businesses. The Standard, a Portland, Ore.-based disability and life insurance and employee benefits provider, will also enter a product distribution partnership with Elevance.