DaVita's largest business is kidney care, through the 2,470 outpatient dialysis centers that it runs or provides administrative services to across the US, serving more than 200,000 patients a year.
The deal will hopefully cut costs and improve care, given the proximity and number of care centers-especially for people with non-life threatening, chronic conditions.
The deal will combine UnitedHealth's Optum unit with DaVita's physician network business that serves about 1.7 million patients each year through almost 300 clinics. DaVita's kidney dialysis unit is not included in the deal. Optum also last month took over the health unit of Advisory Board Co., which advises hospital systems.
Mostly sunny, high near 38 — TODAY'S FORECAST
Thursday night , the low will be about 20, with a southwest wind of 3 to 5 miles per hour , according to the weather service. Tonight: Mostly cloudy, with scattered flurries before 10 p.m., then snow showers likely, mainly between 10 p.m. and 2 a.m.
EvercoreISI analyst Michael Newshal said he thought near-term earnings additions would be close to neutral given the price that UnitedHealth was paying was on the high side. Its shares gained less than 1 percent to $220.48 on Wednesday, lifting its market capitalization to more than $212 billion.
DaVita Medical Group includes around 280 clinics offering primary and specialist care, as well as 35 urgent-care centers and six outpatient surgery centers.
Earlier this year, Optum closed its $2.3 billion acquisition of Surgical Care Affiliates Inc., a major surgical company.
Disney and Fox reportedly closing in on a deal
But it seems likely that-in the event of a deal-Murdoch would get a senior executive role at Disney no matter what. This new detail contradicts an earlier report, which suggested that Fox Sports properties would not be included.
UnitedHealth has said Optum aims to provide primary care and ambulatory services in 75 markets, representing about two-thirds of the USA population.
DaVita plans to use the proceeds of the sale for stock buybacks and to repay debt.
DaVita's medical group had $4.11 billion in sales previous year, or 30 percent of the total.
Peel Hunt Reaffirms Buy Rating for Booker Group (BOK)
In addition to Shore Capital reporting its stock price target, a total of 4 brokers have issued a report on the company. The stock rating of IG Group Holdings PLC (LON:IGG) was reiterated by equity analysts at Shore Capital.
"I am so proud of the DaVita Medical Group accomplishments, including our excellent clinical outcomes as reflected in our star ratings performance, our strong emphasis on growing physician leaders, our teammate engagement, and advancing the care model", Thiry said.