Optum has bought another physician group, this time in Tennessee. The UnitedHealth Group subsidiary acquired Holston Medical Group, a multi-specialty practice based in Kingsport, Tennessee. It provides primary care, pediatrics, women’s health, urgent care and outpatient diagnostic care services. The group has more than 70 locations in Northeast Tennessee and Southwest Virginia. According to its website, the practice employs more than 200 physicians. No terms were disclosed.
This deal isn’t the first for Optum in the physician space; after all, Optum is one of the companies that spearheaded the trend of putting payor and provider under one umbrella. Its most recent deal was for Crystal Run Healthcare, a multi-specialty physician group with 390 providers across more than 30 locations in New York. No terms were disclosed for this purchase either.
According to Optum’s website, it currently has 70,000 employed or aligned physicians in its network.
