7 recent payer mergers and acquisitions

The largest healthcare merger of 2022 has been finalized between Optum and Change Healthcare, and CVS Health plans to acquire home health company Signify for $8 million. These are seven mergers and acquisitions reported by Becker's since Sept. 5:

  1. Optum completed its $7.8 billion merger with Change Healthcare Oct. 3 following a federal judge clearing the path for UnitedHealth Group to move forward with the acquisition after an antitrust challenge from the Justice Department.

  2. CVS Health said Oct. 3 it is selling health benefits administrator Bswift to investment firm Francisco Partners for an undisclosed amount. The deal is expected to close before the end of 2022.

  3. Molina Healthcare said Oct. 3 it has finalized its acquisition of AgeWell New York's Medicaid managed long-term care business for $110 million.

  4. Cone Health and Novant Health signed an agreement Sept. 29 to co-own HealthTeam Advantage — a Medicare Advantage company owned by Cone Health, which will retain a majority stake.

  5. Independence Blue Cross and Penn Medicine are partnering on a value-based primary care model centered around co-ownership of Blue Cross' physician network subsidiary, Tandigm. The payer said Sept. 27 it would sell a minority equity stake in Tandigm to the Philadelphia health system for an undisclosed amount.

  6. Blue Cross Blue Shield of Michigan is selling its healthcare technology subsidiary Advantasure for an undisclosed amount to health plan administrator UST HealthProof, according to a Sept. 19 news release.

  7. CVS Health entered into a definitive agreement Sept. 5 to acquire Signify Health, a home health company, for about $8 billion.


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