8 payer M&A deals in first half of 2023

From major purchases by CVS Health to UnitedHealth Group's continued growth in the care delivery space, these are eight merger and acquisition deals within the health insurance industry that have closed since Jan. 1:

  • CVS Health completed its $8 billion acquisition of Signify Health in March and its $10.6 billion acquisition of Chicago-based primary care company Oak Street Health in May.

  • UnitedHealth Group closed on its $5.4 billion acquisition of home health firm LHC Group in February. In April, LHC Group purchased Delaware-based home health company Summit Home Care. 

  • Optum purchased Middletown, N.Y.-based Crystal Run Healthcare in February, a multispecialty physician group with more than 400 providers across more than 30 locations.

  • Elevance Health closed on its acquisition of specialty pharmacy BioPlus in February.

  • Norfolk, Va.-based Sentara Healthcare finalized its acquisition of Miami-based nonprofit health plan AvMed, which provides individual and group commercial plans and Medicare Advantage to more than 200,000 members.

  • BCBS Michigan subsidiary AF Group completed its purchase of Southfield, Mich.-based AmeriTrust Group for an undisclosed amount Jan. 3.

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