M&A

Molina Healthcare is expecting to add $1.8 billion in premium revenue from its acquisition of Bright Healthcare's 125,000-member Medicare Advantage business. 

Centene is rebranding Bayless Integrated Healthcare, a Phoenix-based subsidiary that provides primary care and behavioral health services, the St. Louis Business Journal reported July 17.

Molina Healthcare will purchase Bright Health Group's California Medicare Advantage business for $600 million, the two businesses said June 30. 

UnitedHealth Group's Optum plans to merge with home and hospice care provider Amedisys in an all-cash deal valued at $101 per share, pending shareholder and regulatory approvals.

CareSource plans to acquire a new affiliate, Radiant Alliance, a nonprofit organization composed of Metta Healthcare, the parent company of Ohio's Hospice and Pure Healthcare, and United Church Homes, pending regulatory approval.

From major purchases by CVS Health to UnitedHealth Group's continued growth in the care delivery space, these are eight merger and acquisition deals within the health insurance industry that have closed since Jan. 1:

Centene has completed the sale of artificial intelligence platform Apixio to the private equity firm New Mountain Capital.

Since taking over the role in March 2022, Centene CEO Sarah London has overseen the divestiture of several non-core businesses. 

From Centene signing an agreement to sell an artificial intelligence platform, to UnitedHealth Group's Optum pitching a $3.3 billion merger with a home-health provider, here are 10 payer merger and acquisition updates Becker's reported since March 31:  

Home and hospice care provider Amedisys has received an unsolicited cash offer from UnitedHealth Group's Optum to merge, following an agreement in May to be purchased by infusion services provider Option Care Health. The deal with Optum is valued at…