UNITEDHEALTH GROUP INC acquired DaVita Medical Group for approximately $4.9 billion announced; approximately $4.34 billion at closing, a transaction completed in June 2019, structured as all cash. The deal was a Carve-out.
DaVita Medical Group operates in OptumHealth (OptumCare), is based in El Segundo, California, USA (multi-state). DaVita Medical Group was the physician-group and clinic business of DaVita Inc., operating medical groups, urgent care centers, and surgery centers across several US states. Optum acquired it to expand OptumCare's care-delivery footprint.
Expanding OptumCare's ambulatory and primary-care delivery capacity and its ability to operate under value-based payment across multiple markets.
Established multi-market physician and clinic platform for value-based care. OptumCare
Advisory firms were not disclosed for this transaction.