In a $600 million cash transaction, Optum, the IT and business services unit of UnitedHealth Group, is buying health management vendor Alere Health, which provides services to more than 200 regional and local health plans, 89 Fortune 500 employers and 29 states, covering about 22 million people in the U.S.
Through personalized interactions, Alere Healths solutions include wellness and prevention, care management and specialized interventions designed to improve health outcomes. Optums acquisition of Alere Health, which is expected to close in the fourth quarter and is contingent on regulatory approval and other closing conditions, would add Aleres tobacco cessation and home-based obstetrical services to the broad scope of health services Optum currently provides to payers, employers and states.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access