M&A

Centene announced Nov. 17 it is selling Magellan Specialty Health, the latest in a number of deals the health insurer has made throughout 2022. 

Centene said in a Nov. 17 news release it has completed the sale of its Spanish and central European businesses to Vivalto Santé, a French private hospital group. 

Centene is selling Magellan Specialty Health to healthcare administration company Evolent Health in a deal worth up to $750 million. 

Senior healthcare provider CareMax has acquired Dallas-based Steward Health Care's Medicare value-based care business in a cash and stock deal.  

Here are six payer merger and acquisition updates Becker's has reported since Oct. 17. 

Cigna's health services arm Evernorth will be a minority owner in VillageMD after it invested in the primary care disruptor's acquisition of Summit Health.

Elevance Health will acquire the nation's largest independent specialty pharmacy, BioPlus. 

UnitedHealth Group's acquisition of Lafayette, La.-based home-health firm LHC Group is on track to be completed in December, Seeking Alpha reported Nov. 8. 

Cigna's CEO David Cordani addressed questions from investors Nov. 3 over concerns the company is falling behind other insurers by not pursuing major mergers or acquisitions. 

Blue Cross Blue Shield of Minnesota is selling its home healthcare subsidiary, Livio Health, to senior health company Lifespark.