Originally published November 27, 2018 at
12:25 pm Updated November 27, 2018 at 6:49 pm
The Polyclinic will supplement the Everett Clinic
business in the Seattle area that UnitedHealth is acquiring through a separate
deal for DaVita Medical Group.
Star
Tribune (Minneapolis)
Seattle
health-care provider The Polyclinic is being acquired by UnitedHealth Group,
the latest deal by the Minnesota company to grow its business providing direct
care to patients.
UnitedHealth
CEO David Wichmann told investors meeting Tuesday in New York that the deal to
purchase The Polyclinic will supplement the Everett Clinic business in the
Seattle area that UnitedHealth is acquiring through a separate deal for DaVita Medical Group.
Wichmann
did not disclose financial terms for The Polyclinic deal. In December 2017, the
company announced the $4.9 billion deal to acquire DaVita Medical Group,
although that acquisition still hasn’t closed.
“We are
actively working to bring this transaction to closure as quickly as possible,”
Wichmann said of the DaVita deal. “We have also signed an agreement to acquire
Polyclinic, a Seattle-based practice. … We look forward to serving the people
of Seattle and surrounding counties in the near future.”
Minnetonka,
Minn.-based UnitedHealth Group operates UnitedHealthcare, which is the nation’s
largest health insurer.
The
Polyclinic will be part of the fast-growing Optum health-services business at
UnitedHealth, which includes units in pharmaceutical benefits management and IT
consulting in addition to patient care.
UnitedHealth
and its largest competitors are diversifying through mergers and acquisitions
beyond the core health-insurance business and getting closer to patients via
pharmacies and clinics.
Earlier
this year, a rating agency reported that UnitedHealth Group was part of a $2.2
billion deal to acquire a controlling interest in a physician-staffing company
based in Tacoma called Sound Inpatient Physician Holdings. The company also has
growing businesses in running urgent-care clinics and surgery centers.
Beyond
The Polyclinic and DaVita Medical Group, Optum already owns, or owns part of,
roughly a dozen large clinics across 10 states.
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