trending Market Intelligence /marketintelligence/en/news-insights/trending/Mqm1VQ0twKGfJL9ylEAwSQ2 content esgSubNav
In This List

UnitedHealth's Optum to acquire DaVita Medical Group for $4.9B in cash

Blog

A Pharmaceutical Company Capitalizes on M&A Activity with Brokerage Research

Blog

2021 Year in Review: Highlighting Key Investment Banking Trends

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

The Big Picture 2022 Insurance Industry Outlook


UnitedHealth's Optum to acquire DaVita Medical Group for $4.9B in cash

DaVita Inc. is selling subsidiary DaVita Medical Group to UnitedHealth Group Inc.'s Optum for $4.9 billion in cash.

DaVita Medical Group will be combined with the OptumCare division, which provides physician-led primary, specialty, in-home, urgent- and surgery-care delivery through affiliated physicians and care facilities.

The merger is expected to complete in 2018 and is subject to certain regulatory approvals and customary closing conditions.

DaVita intends to use the proceeds from the transaction for stock repurchase programs, to repay debt, and for general corporate purposes.