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UnitedHealth Group's Optum to acquire dialysis-center chain DaVita for $4.9B

By: The Associated Press
December 6, 2017 Updated: December 6, 2017 at 8:58 am
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The nation's biggest health insurer is spending nearly $5 billion to buy hundreds of clinics, just three days after rival Aetna announced a tie up with CVS Health.

UnitedHealth Group Inc. said Wednesday that its Optum segment will buy the Denver-based DaVita Medical Group from DaVita Inc. in a cash deal expected to close next year.

DaVita Medical Group runs nearly 300 primary and specialty care clinics in several states. It also operates urgent care and outpatient surgery centers.

Optum has been adding clinics and expanding the care it provides in recent years.

Health insurers have been pushing deeper into managing or providing patient care in order to cut costs and improve health, especially for those with chronic conditions.

DaVita bought Colorado Springs Health Partners in 2015 and renamed it DaVita Medical Group in July. The company acquired Mountain View Medical Group in February, giving DaVita practices with 210 doctors, physician assistants, nurse practitioners and nurses and about 700 other employees in 20 locations serving nearly 200,000 patients, making it the largest local medical practice. The two practices operate under separate management.

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