Markets

The Healthcare Stock Set to Soar on $4.9 Billion Buyout Buzz

The Healthcare Stock Set to Soar on $4.9 Billion Buyout Buzz

The deal with Denver-based DaVita is mainly to provide the services of dialysis, will combine UnitedHealth's Optum unit with DaVita's physician network business that serves about 1.7 million patients each year through almost 300 clinics.

Executives at Optum added that their ability to leverage analytics and health information technology will allow both organizations to deliver the best possible care. This follows Monday's major healthcare merger announcement between CVS Health (CVS) and Aetna (AET), and has DVA stock set to open at its highest point since August.

At a time of increasing uncertainty in the health care marketplace, insurers, hospitals, doctors and drugstores are looking outside their traditional businesses to join forces. DaVita Medical Group also runs medical groups and affiliated physician networks in states including California, Colorado, and Florida. Optum also last month took over the health unit of Advisory Board Co., which advises hospital systems. The clinics offer much of the same care available at a hospital emergency room but at a reduced cost. The company expects to perform roughly 1 million surgeries and other procedures this year.

Delhi Air quality dips, close to 'severe' zone
The match ended in a draw today with Chandimal admitting that it was tough playing in pollution. You should have not held the match if the air quality was so bad.

On Wednesday, only a few days after the CVS (CVS - Free Report) and Aetna (AET - Free Report) deal helped shine a light on the quickly changing healthcare industry, UnitedHealth Group (UNH - Free Report) announced that it will buy a unit of DaVita Inc.

Shares in DaVita rose 9 percent, a $193 million gain for billionaire investor Warren Buffett, who owns a 20 percent stake in the dialysis and medical group company.

Consumers could also see their choice of doctor or pharmacy sharply limited under these arrangements as insurers attempt to steer patients into the groups over which they have the most control.


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