M&A

Former UnitedHealth Group CEO David Wichmann defended Optum's proposed acquisition of Change Healthcare for $13.8 billion on the fourth day of a trial brought forth by a Justice Department challenge of the deal and said misuse of data could happen,…

The trial over a Justice Department challenge to the $13 billion proposed merger of UnitedHealth Group's Optum and Change Healthcare began Aug. 1 in Washington, D.C.

Centene has signed a definitive agreement to sell its businesses in Spain and central Europe to Vivalto Santé.

Centene said July 14 that it has completed the sale of its specialty and rare drug pharmacy Pantherx.

Molina Healthcare is acquiring My Choice Wisconsin, a Medicaid managed care organization that serves 44,000 members across the state. 

Cigna has completed the sale of its international insurance businesses in six Asia Pacific markets to the world's largest property and casualty insurer, Chubb, in a $5.4 billion deal, with a majority of the proceeds going toward a stock buyback. 

LHC Group shareholders gave their approval for the Lafayette, La.-based home health firm to be purchased by UnitedHealth Group's Optum unit, The Advocate reported June 21. 

The Federal Trade Commission is requesting additional information regarding the proposed acquisition of the LHC Group by UnitedHealth Group's Optum, according to Securities and Exchange Commission documents filed June 10.

Lehi, Utah-based brokerage firm PCF Insurance Services has acquired West Covina, Calif.-based Mike Haffar Insurance Services, an insurance and risk advising firm for providers.

Millennium Trust Co. completed its acquisition of PayFlex Holdings from CVS Health on June 1 for an undisclosed amount.