In a year dominated by proposed cross-sector health care mega-mergers like the CVS-Aetna deal, UnitedHealth Group flew somewhat under the radar. But America’s largest health insurer was far from idle. The prolific dealmaker continued to feed its multi-purpose Optum unit—which manages pharmacy benefits, provides health services, and conducts data analytics—including through Optum’s proposed acquisition of DaVita Medical Group and its nearly 300 doctor clinics, adding to an already 30,000-strong physician network. UnitedHealth’s 2017 revenues spiked 9% compared with 2016 to $201 billion. That was mirrored by a 9.1% year-over-year boost in Optum’s revenues, which grew to $91.2 billion.
Looking for leads, investment insights, or competitive intelligence?
News about UnitedHealth Group
One-third of the current Medicare system is run by private companies.
The move may help address criticism that has targeted large pharmacy benefits managers.
The move comes as a bipartisan bill to crack down on the tactics drugmakers use.
It's part of a broader $350 million fund to prevent and treat Alzheimer's.