UnitedHealth Group is buying Genoa Healthcare for around $2.5 billion. Genoa has over 400 pharmacies, primarily in community mental health centers. For some reason UHG has been shy about publicizing this purchase.
Molina Health, which primarily offers Medicaid health plans, has sold its Medicaid information system business to DXC Technology Company for about $230 million.
A PE firm has invested in three health care companies, Chronic Care Management, which does just that; Socially Determined, which measures social determinants of health, and AllyAlign, which helps long-term care firms with value-based reimbursement.
Row, row, row your business is easy when you get $88 million in funding, but that is what Ro did for its consumer-oriented telehealth business. See my prior note about too much capital looking for a home.
OODA Health, which claims it will upend the current system for health care payment, has received an unusual $40.5 million dollars from quirky investors. Oh, but wait, the CEO is the ex-CEO of Castlight Health, it is certainly OOD that anyone would invest in that guy. If you don't believe there is too much capital floating around looking for a home, stuff like this proves it for sure.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.