UnitedHealth Continues Its Acquisition Spree

Optum, UHC's technology and services subsidiary, has bought Allere's wellness subsidiaries.

UnitedHealth continued its shopping spree on Tuesday with Optum, the group's technology and services subsidiary, agreeing to pay $600 million to acquire Alere Inc.'s condition management and wellness subsidiaries

Specializing in infectious and cardiometabolic disease diagnostics, the Waltham, Massachusetts-based Alere's wellness offerings serve about 200 regional health plans, 89 Fortune 500 employers and 22 million people nationally. The company, however, is trying to reduce costs and sell "non-core assets" — such as the chronic condition management, smoking cessation and home-based obstetrical services Optum is buying — in an effort to "sharpen its strategic focus" on the global rapid diagnostics market.

Read the complete article on Healthcare Payer News: http://bit.ly/1FVKtpK