PE firm Water Street is selling Health Plan Services to Indian oursourcing firm Wipro for $460 million. Health Plan Services provides administrative services for insurers and health plans.
Sometimes if you aren't doing too well on your own, you can combine with someone else who isn't doing too well. I have no idea what is behind this combination but four health care management and transaction service companies are merging, Premier Healthcare Exchange, Stratose, GlobalCare and Pay-Plus Solutions, all supposedly industry leaders, so God knows how dominant that new entity will be.
Concierge health care provider One Medical has added one more medical capability, acquiring Rise, a vendor of nutritional counseling services, supposedly for $20 million.
According to DRX, a unit of Connecture that helps patients pick Medicare plans, prices on a number of drugs have more than doubled since 2014, and some have quadrupled.
The rumors were true, OptumRx, the UnitedHealth unit, is acquiring workers' comp PBM Helios. I honestly have no idea why, must be pressure from large employers to be able to help in this area.
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.