M&A

UnitedHealth Group is exploring the sale of its Banmedica subsidiary, which operates in Colombia and Chile, Reuters reported June 9. The company has been trying to exit Latin America since 2022, but the reported sale has taken on increasing urgency…

SCAN Group has purchased full ownership of myPlace Health, an integrated care delivery organization serving older adults in their homes through the PACE model. myPlace launched in 2021 as a collaboration between SCAN and Commonwealth Care Alliance in Los Angeles.…

CareSource will pursue affiliation with Lakeland Care, a Fond du Lac, Wis.-based managed care company. Following regulatory approvals, Lakeland will become part of Dayton, Ohio-based CareSource, which serves more than two million Medicaid members across 13 states. Lakeland serves older…

At least eight health systems are getting out of the insurance business. 

UnitedHealth Group and Amedisys have reached a deal to divest some home health and hospice clinics to BrightSpring Health and the Pennant Group.  According to a May 1 regulatory filing, the two companies reached a deal to sell certain home…

Nashville-based Meharry Medical College has purchased eight medical clinics from a joint venture between BlueCross BlueShield of Tennessee and Sanitas. The clinics, located in Nashville and Memphis, currently serve a total of 25,000 patients and employ 40 providers, according to…

Blue Cross Blue Shield of Michigan is reportedly working to sell its AF Group subsidiary, the Insurer reported April 21. AF Group wrote $2.9 billion in direct premiums in 2024 and is the holding company for multiple companies that provide…

The Justice Department’s lawsuit challenging UnitedHealth Group’s planned $3.3 billion acquisition of home health company Amedisys is headed to mediation Aug. 18, according to court records. Five things to know:  1. U.S. Magistrate Judge Susan Gauvey ordered mediation April 10. …

CareSource has closed on its acquisition of Commonwealth Care Alliance. Boston-based CCA was facing significant financial challenges, with its reserves falling more than $216 million below solvency thresholds, prompting Massachusetts officials to freeze enrollment for some of its health plans…

Moody’s has downgraded Health Care Service Corporation’s insurance financial strength rating to A3 from A2 following the company’s acquisition of Cigna’s Medicare business on March 19. Moody’s cited likely challenges with the integration of the MA business into the company’s…