M&A

The new year has just begun, but already a significant payer transaction reportedly is in the works. 

Elevance Health plans to acquire Paragon Healthcare, which operates infusion centers and specialty pharmacies. 

Cigna is nearing a deal to sell its Medicare Advantage business to Health Care Service Corp., the Wall Street Journal reported Jan. 3. 

UnitedHealth Group's Optum, the largest employer of physicians in the U.S., is seeking to acquire physician-owned Corvallis (Ore.) Clinic. 

Bright Health has closed the sale of its last insurance business to Molina Healthcare. 

UnitedHealth Group will sell its health insurance and hospital operations in Brazil to a private investor for an undisclosed amount, the company said in regulatory documents filed Dec. 29.

UnitedHealth Group has received multiple offers to offload its Brazil unit, Bloomberg reported Dec. 20. 

Molina Healthcare reduced its offer for Bright Health's California Medicare Advantage business. 

Health Care Service Corp. and Elevance Health are vying for Cigna's Medicare Advantage business, Bloomberg reported Dec. 15. 

Blue Cross and Blue Shield of Louisiana and Elevance Health have submitted a new proposal to the Louisiana Department of Insurance to allow the nonprofit insurer to be bought by Elevance, nola.com reported Dec. 15.