Deals
UnitedHealth Buys DaVita's Doctor Groups for $4.9 Billion
- Health insurer adding to growing doctor and clinic business
- Deal follows less than a week after CVS-Aetna takeover
This article is for subscribers only.
UnitedHealth Group Inc. will buy DaVita Inc.’s physician network business for $4.9 billion, adding hundreds of medical clinics to the biggest U.S. health insurer’s growing business of providing direct medical care.
The all-cash takeover will bulk up UnitedHealth’s front-line business called OptumCare, allowing it to take more control over how its insurance dollars are spent. The deal comes less than a week after CVS Health Corp. agreed to buy insurer Aetna Inc. for $67.5 billion, which will team the insurance company with CVS’s pharmacies and in-store clinics.