Optum Plans to Buy DaVita Medical Group in $4.9 Billion Deal

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UnitedHealth Group announced Wednesday plans to buy DaVita Medical Group (DMG) in a $4.9 billion cash deal in an effort to bolster the insurer’s outpatient care services.

UnitedHealth says DMG will be combined with its UnitedHealth Optum, according to Modern Healthcare reports, which directs the non-insurance sectors of the company.

“Combining DaVita Medical Group and Optum advances our shared goal of supporting physicians in delivering exceptional patient care in innovative and efficient ways while working with more than 300 healthcare payers across Optum in ways that better meet the needs of their members,” Optum CEO Larry Renfro said.

According to Modern Healthcare, DMG’s physician network delivers care services to roughly 1.7 million patients annually through its 300 clinics located in Florida, California, Colorado, Washington, Nevada and New Mexico.

Click here to read the full report on Modern Healthcare.