Optum scoops up post-acute care company NaviHealth – FierceHealthcare

Written by Heather Landi

UnitedHealth Group’s Optum business acquired startup NaviHealth, a company that provides post-acute care management services.

Optum confirmed the acquisition but did not disclose terms of the deal. Sources expect the deal to total more than $1 billion, according to the Nashville Business Journal and PE Hub.

NaviHealth’s previous private equity owner, Clayton, Dubilier & Rice, received $1.1 billion in cash after buying a majority stake in the company just 21 months ago, PE Hub reported, citing sources. The deal values NaviHealth at $2.5 billion, the publication said.

In 2015, Cardinal Health bought a majority stake in NaviHealth, paying $290 million in cash for 71% of the company, the Nashville Post reported.

Three years later the company traded hands again. In June 2018, Cardinal Health sold a 55% stake in the company to Clayton, Dubilier & Rice for about $650 million, according to the Post.

Read more here.

By Jessica Yap-Chung
Jessica Yap-Chung Profile Picture