This article is available as part of your SHN+ membership This week, Walmart announced the closure of its Walmart Health business, which will shutter 51 health centers across five states. The news is part of a reckoning that is unfolding in the health care sector, with implications for senior living. The health care reckoning can […]
UnitedHealth Group
I recently wrote about the senior living implications of Option Care’s planned acquisition of home health giant Amedisys (Nasdaq: AMED). The situation became even more interesting last week, with UnitedHealth Group’s Optum arm making an all-cash play for Amedisys.This news makes it more evident than ever that senior living providers must have business strategies that […]
Senior living companies — and other providers serving older adults — must raise their games to succeed within a new health care paradigm, as payers and consumers demand a more integrated continuum. “We all have to compete, and we all have to play harder,” Dwight Brown, CEO of Homebase Medical, said last week at Aging […]
September has started with blockbuster health care news that carries major implications for the older adult market — and, by extension, the future of senior living. Giants of retail and insurance are behind the latest headlines: CVS Health — parent company of Aetna — is to acquire Signify Health in a transaction valued at about […]
CVS Health (NYSE: CVS) is acquiring in-home health care company Signify Health (NYSE: SGFY) in an $8 billion deal that will help lay the groundwork for future senior living transformation. The deal is expected to close in the first half of next year, with CVS Health acquiring the company for a price valued at about […]
Lifespark recently announced the hire of Matt Nyquist, a former leader with UnitedHealth Group’s Optum arm, as chief population health officer. Nyquist will help lead Lifespark’s expansion to states beyond its home base of Minnesota later this year. Lifespark’s growth will mark another milestone in senior living’s evolution toward being more integrated within population health […]
Last week brought the news that UnitedHealth Group (NYSE: UNH) is acquiring home health care provider LHC Group (Nasdaq: LHCG) for $5.4 billion. The deal is among the strongest signals yet that the ongoing shift to in-home senior care is accelerating — and that time is running out for senior living operators to adapt or […]
UnitedHealth Group (NYSE: UNH) has agreed to buy LHC Group (Nasdaq: LHCG) in a deal valued at more than $5.4 billion. With the move, UnitedHealth is combining Lafayette, Louisiana-based LHC Group – one of the largest home health providers in the U.S. – and its Optum health care services arm, which is already integrated into […]
The founder and former CEO of a major insurer is launching a new “blank check” company with ambitions to acquire businesses that serve the vast market of services for older adults. The new company, Senior Connect Acquisition Corp., is led by Richard Burke, the founder and former CEO of U.S. insurance giant UnitedHealth Group (NYSE: […]
In 2009, automotive giant General Motors (NYSE: GM) and insurance company UnitedHealth Group (NYSE: UNH) both found themselves at a crossroads—and the ways the organizations went about navigating their transformational times could provide valuable lessons for Brookdale Senior Living (NYSE: BKD). In June 2009, following years of turbulence and financial losses, Detroit-based multinational corporation GM declared bankruptcy. […]
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