Massachusetts' insurance commissioner has approved the sale of Springfield-based Baystate Health's insurance subsidiary, Health New England, to Point32Health for $165 million.
M&A
UnitedHealth Group's Optum has launched a website to defend its proposed $3.3 billion acquisition of home health company Amedisys that the Justice Department is seeking to block.
The U.S. Justice Department is suing UnitedHealth Group and home health company Amedisys over the companies' planned $3.3 billion merger.
Cigna directly confirmed that it is not pursuing a merger with Humana.
Though he did not mention the deal directly, Cigna CEO David Cordani appeared to dismiss rumors of reignited merger talks with Humana and said the company was focused on share buybacks.
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UnitedHealth Group representatives are set to meet with Justice Department officials to make the case for its acquisition of Amedisys to be approved, Bloomberg reported Oct. 25.
Wall Street analysts say a potential Cigna-Humana merger depends on the results of the presidential election, Bloomberg reported Oct. 21.
Cigna and Humana have renewed talks of a potential merger, Bloomberg reported Oct. 18.
Elevance Health's health services arm, Carelon, intends to purchase Nashville-based CareBridge, a value-based home and community-based care provider for patients with chronic and complex needs.
Elevance Health sold Miami-based Pasteur Medical Centers and Wellmax Medical Centers to Las Mercedes Medical Centers, which is also headquartered in Miami.