M&A

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:

CVS Health has reported $4.2 billion in 2022 profit and said it will acquire primary care company Oak Street Health in an all-cash deal worth $10.6 billion.

The Federal Trade Commission is not expected to challenge UnitedHealth Group's acquisition of home health firm LHC Group, Seeking Alpha reported Jan. 31, citing a CTFN report. 

The Federal Trade Commission is reviewing UnitedHealth Group's planned purchase of home health firm LHC Group under a "potential vertical harm theory," Seeking Alpha reported Jan. 26, citing traders and a Capitol Forum report.

Elevance Health expects to add 1.6 million members and $4.5 billion in revenue from its acquisition of Blue Cross and Blue Shield of Louisiana, according to a Jan. 25 earnings call with investors. 

Elevance Health will acquire Blue Cross and Blue Shield of Louisiana, adding the Baton Rouge-based payer's 1.9 million members to its Anthem Blue Cross brand.