In corporate news:

Helios, a workers’ comp PBM, has been purchased by UnitedHealth Group subsidiary OptumRx, according to a WorkCompCentral report. Terms of the deal have not been disclosed, but the purchase is estimated at around $1.5 billion. Helios was previously owned by private equity companies Kelso & Co. and Stone Point Capital. The deal, which has been reported on as early as October of last year, has been low key. Joe Paduda, of Managed Care Matters explained in a post last Friday, “Optum alone generated $67 billion in revenue last year, while the entire company [UnitedHealth] totaled $157 billion in sales. Helios might be a blockbuster deal for work comp folks; it is not for United.”

Read more via WorkCompCentral (paid content) here and Managed Care Matters here.

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