Mergers & Acquisitions
Optum Care will purchase Atrius' charitable assets for $236 million, with the proceeds going to the Atrius Health Equity Foundation.
The deal is contingent upon the merger taking place, with the bench trial scheduled to start on August 1.
Should the deal get court approval, Optum Care will add 645 physicians to its network.
The transaction will allow Humana to increase its footprint in home care at an attractive valuation, company says.
Hackensack maintained the merger was in the best interest of patients, but is deferring to the appellate court's decision.
Most of the deals were smaller transactions, a stark contrast to previous quarters involving mega mergers of higher dollar amounts.
The DOJ has sued to stop the merger, citing anticompetitive concerns around data.
The combined nonprofit health system will encompass 33 hospitals and 385 clinics spread across six states.
The group took a pro-merger stance, suggesting there are defects in the models used by the FTC to gauge merger appropriateness.
The move is a push by Optum and UHG to advance value-based care and expand into the home healthcare market.