Centene, UnitedHealth Start New Year With Acquisitions

Although 2021 has just begun, major health insurers appear to be wasting no time when it comes to spending the influx of cash that they’ve collected as a result of reimbursing lower-than-normal medical claims during the COVID-19 pandemic.

On Jan. 4, Centene Corp. revealed that it struck a deal to purchase Magellan Health, Inc. for $2.2 billion, a transaction that promises to augment the insurer’s existing behavioral health, specialty health care and pharmacy management assets. Just two days later, UnitedHealth Group said it plans to purchase the technology company Change Healthcare for approximately $13 billion, a deal that adds “key technologies, connections and advanced clinical decision, administrative and financial support capabilities” to UnitedHealth’s analytics and advisory arm, OptumInsight.

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© 2021 MMIT

Leslie Small

Leslie has been reporting and editing in various journalism roles for nearly a decade. Most recently, she was the senior editor of FierceHealthPayer, an e-newsletter covering the health insurance industry. A graduate of Penn State University, she previously served in editing roles at newspapers in Pennsylvania, Virginia and Colorado.

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