M&A

The Justice Department is no longer pursuing an appeal to block UnitedHealth Group's $7.8 billion purchase of Change Healthcare that closed in October, Reuters reported March 21. 

Sen. Elizabeth Warren is asking the Federal Trade Commission to review CVS Health's proposed $10.6 billion acquisition of Oak Street Health.

Blue Cross and Blue Shield of Louisiana CEO Steven Udvarhelyi, MD, said the company's pending sale to Elevance Health will not lead to layoffs or office closures, the Greater Baton Rouge Business Report reported March 16. 

UnitedHealth Group closed its acquisition of Lafayette, La.-based home health firm LHC Group on Feb. 22, nearly 11 months after the proposed acquisition was announced. Here is a timeline of the deal:

Elevance Health agreed to pay $2.5 billion for Blue Cross and Blue Shield of Louisiana, its first state Blue Cross Blue Shield acquisition in over 15 years, Bloomberg reported Feb. 27. 

UnitedHealth Group has closed on its $5.4 billion acquisition of home health firm LHC Group.

LHC Group's stock will be halted immediately following the after-hours session on Feb. 22, according to a Feb. 16 notice from Nasdaq. The delisting comes as the home health company's acquisition by UnitedHealth is tentatively scheduled to close prior to…

Blue Cross Blue Shield of Louisiana will use funds from its acquisition by Elevance Health to establish a $3 billion foundation to address health equity and will disperse payments to some members, The Advocate reported Feb. 15. 

Elevance Health has closed its acquisition of specialty pharmacy BioPlus. 

These are six recent updates around payer mergers and acquisitions reported by Becker's since Jan. 12: