Optum to Buy DaVita Medical Group

In a joint news release, the Optum Division of UnitedHealth Group has announced its intentions to acquire the DaVita Medical Group, a division of DaVita Inc.  The cash purchase price is set at $4.9 billion.   DaVita has expressed an interest in using a portion of the purchase price to buy back stock.  Pending regulatory approval, the transaction is scheduled to be completed in 2018.

In the acquisition, Optum will acquire an estimated 300 primary care and specialty clinics that DaVita Medical Group operates.  Additionally, the purchase will include 35 urgent-care centers and six outpatient surgery facilities.  DaVita Medical Group currently operates in six states and serves approximately 1.7 million patients each year.

In recent weeks, DaVita acquired one of the largest independent physician groups in the country with the purchase of Northwest Physicians Network, a Tacoma, Washington-based IPA with more than 1,000 primary-care and specialty-care physicians.

Read more in Denver Post.

Read more in the Minneapolis StarTribune.

Read more in Modern Healthcare.

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