The Cigna Group is “exploring strategic alternatives” for Evernorth’s EviCore, a subsidiary that works with health plans on utilization management, including prior authorization. During an April 30 earnings call, incoming CEO Brian Evanko clarified that a transaction is not currently…
M&A
UnitedHealth Group plans to acquire Alegeus Technologies, a health benefits administration platform, the company disclosed in its first-quarter earnings. Boston-based Alegeus administers consumer-directed healthcare benefit accounts including FSAs, HSAs, HRAs, wellness incentive, dependent care, and commuter accounts for more than…
TPG has completed its acquisition of Optum UK, a subsidiary of UnitedHealth Group whose core asset is EMIS Group, a healthcare software company used by the United Kingdom’s NHS. The deal closed March 13, according to UK regulatory filings, and…
From several mergers in the managed care space to Kaiser’s entry into Nevada, these are seven payer industry M&A updates previously reported by Becker’s. 1. Carolina Complete Health and WellCare of North Carolina, both Centene subsidiaries, secured regulatory approval in…
Carolina Complete Health and WellCare of North Carolina, both Centene Corp. subsidiaries, secured regulatory approval to move forward with their merger to form a managed care organization, according to an April 2 news release from the parent company. The entity…
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CareSource has finalized its affiliation with Community Care, a Brookfield, Wis.-based managed care organization serving older adults and adults with disabilities. Community Care serves Wisconsin adults 55 and older, as well as adults 18 and older with physical, intellectual or…
Renton, Wash.-based Providence is exploring strategic options for its insurance arm, Providence Health Plan, including a potential sale, the system said in a March 19 news release shared with Becker’s. Executive Vice President and CFO Greg Hoffman, who is retiring…
In the wake of Washington, D.C.-based Risant Health’s acquisition of Danville, Pa.-based Geisinger Health, the organizations are requesting reduced capital requirements for Geisinger’s insurance business, according to a Jan. 16 filing with the Pennsylvania Insurance Department. Risant is a nonprofit…
BCBS Kansas City and Highmark earned regulatory approval from the Missouri Department of Commerce and Insurance to close their affiliation deal, according to a March 17 news release. Their affiliation will close March 31. However, the companies said integration will…
UnitedHealth Group reported only 10 subsidiaries in its U.S. Securities and Exchange Commission filings for 2025, down from thousands in 2024. UnitedHealth has expanded greatly over the last decade. For example, in 2022, UnitedHealth overcame federal antitrust concerns and was…