Mergers & Acquisitions
For Arches, the move establishes its presence in the Providence, Rhode Island, metro area.
Amedisys would be folded into Optum, but the DOJ and state regulators are putting the deal under the microscope.
The expanded health system now operates 19 hospitals and 130 outpatient locations with nearly 14,000 team members.
The organizations say their combined strengths will help to advance the level of care for patients in New York and Connecticut.
Dr. Peter Bonis, chief medical officer at Wolters Kluwer Health, says the acquisition of drug-diversion company Invistics is helping to route appropriate medications to the right patients.
The insurer says it believes it needs a strong partner to help position the company for a "vibrant future" and to make healthcare more affordable.
Novant Health bought three for $2.4B and UCI Health has agreed to pay $975M for four.
The company will redirect its resources to Evernorth Health Services and Cigna Healthcare.
The resulting lack of competition would increase annual healthcare costs by several million dollars, says FTC.
Paramount will continue to offer its health plans, with no immediate change to how current members do business with either company.