Issue link: https://beckershealthcare.uberflip.com/i/1479222
92 TRANSACTIONS UnitedHealth's year of acquisitions: 5 major deals to know By Patsy Newitt UnitedHealth, parent company of Optum and ASC chain SCA Health, is having a huge year for acquisitions. Five deals to know: 1. UnitedHealth Group, the nation's largest operator of Medicare Advantage plans, acquired Texas Medicare insurer KS Plan Administrators. e insurer is affiliated with the Houston-based Kelsey-Seybold medical group. 2. In early April, Optum finalized a deal to acquire Houston-based Kelsey-Seybold Clinic. Kelsey-Seybold is a group practice offering treatment in 55 medical specialties at 24 locations in the Houston area and employs more than 500 physicians and allied health professionals. 3. LHC Group shareholders gave their approval for the Lafayette, La.-based home health firm to be purchased by Optum June 21. UnitedHealth Group and LHC first announced the $5.4 billion deal March 29. UnitedHealth Group said at the time the acquisition was expected to close in the second half of this year. 4. Optum received clearance to buy the 30-location independent physician organization Atrius Health. With the approval of the Massachusetts attorney general's office, Optum plans to pay $236 million for the Auburndale, Mass.-based health system, which includes 645 physicians and primary care providers. 5. Optum reportedly purchased Jacksonville Beach, Fla.-based Refresh Mental Health from private equity firm Kelso & Co. Refresh Mental Health has a network of more than 300 outpatient sites in 37 states with more than 1,500 employees. While financial terms have not been disclosed, Kelso & Co. bought Refresh Mental Health in December 2020 for about $700 million. n HCA acquires 6th ASC in San Antonio By Marcus Robertson H CA Healthcare acquired an interest in San Antonio- based Stone Oak Surgery Center, in collaboration with 11 physician partners. The multispecialty ASC offers services in orthopedics, pain management, podiatry and spinal surgery, according to a news release shared with Becker's. It spans 5,970 square feet and includes two operating rooms, one procedure room, three pre-op bays and five post-anesthesia bays. The ASC was acquired June 1, according to the news release. It is HCA's sixth in the San Antonio area and 153rd nationwide. n Surgical hospital, endoscopy center property acquired for $67.5M By Marcus Robertson The property housing Post Falls, Idaho-based Northwest Specialty Hospital was acquired for $67.5 million. The 32-bed multispecialty surgical hospital includes eight operating rooms, two procedure rooms and two anesthesia recovery units, according to an Aug. 17 news release. The hospital also includes an endoscopy center and a connected 36,000-square-foot medical office building. The surgical hospital's buildings were sold to investment management firm Hammes Partners, the news release said. n $27.2M ASC real estate sold in Alabama By Patsy Newitt Vestavia Hills, Ala.-based Vestavia Medical Center, a multitenant facility that houses an ASC, has sold for $27.2 million, REBusiness Online reported Aug. 10. The 40,000-square-foot property features the Surgical Institute of Alabama, Vestavia Diagnostics, Swaid Clinic, Bramlett Orthopedics, Birmingham Vascular Associates, Pain Management Services, Lab First and Champion Physical Therapy. The facility was purchased by an unnamed healthcare real estate fund based in Dallas and was brokered by Matthews Real Estate Investment Services, according to the report. n