The Managed Care Earnings Round-Up
Some of the largest Managed Care providers in the world have announced their earnings for 2022, and the results are looking promising for the Managed Care space. Humana Inc., Centene Corporation and Cigna Corp. all achieved positive operating and financial results for 2022, with some even surpassing their expectations for the year. However, M&A within the Managed Care sector slowed in 2022, with just 43 transactions announced, a 10.4% decrease from 2021 when 48 deals were announced. This decline is the result of a shift in these company’s growth strategy as they focus on cleaning up their portfolios through divestments. Humana Inc. (NYSE:HUM) Humana reported strong operating and... Read More »
People on The Move
In this short segment, we want to highlight two people who have recently moved companies in the healthcare space. Andrew Sartoris, MBA Andrew Sartoris, MBA is joining Regent Surgical Health as Vice President of Strategic Initiatives. Previously the Assistant Vice President of Strategy & Innovation at HCA Healthcare, Inc., Sartoris led and advanced enterprise and business unit growth initiatives in support of HCA’s portfolio of more than 180 hospitals and 2,000 ambulatory care sites in 20 states as well as across the United Kingdom. In Sartoris’ new position at Regent Surgical Health, he will use his expertise to shape Regent’s direction. He will work closely with the leadership team... Read More »
UnitedHealth Group Posts $4.9 Billion Profit in Q4:22 Earnings
UnitedHealth Group (NYSE: UNH) announced its financial results for the fourth quarter ended December 31, 2022. The company offers products through two business platforms: UnitedHealthcare, which provides healthcare coverage and benefits services; and Optum, a pharmacy benefit manager and health care provider. UnitedHealth Group recorded double-digit percentage growth in revenue year over year across UnitedHealthcare and Optum, driven primarily by both lines of businesses expanding to provide more comprehensive care to a larger base of people across the U.S. The Minnetonka, Minnesota-based company reported: A 12.3% increase in net revenue from $73.7 billion in Q4:21 to $82.8 billion in... Read More »
Home Health & Hospice 2023 Outlook: Large Transactions and Innovation Fuel Optimism
According to data captured from the LevinPro HC database, 2022 was a historic year for healthcare M&A, with a record-breaking 2,392 transactions announced, and we expect this number to continue to climb as companies report their final deals of the year. The Home Health & Hospice (HH&H) M&A market, however, experienced an approximately 29% decline in transactions, dropping from 155 announced in 2021 to 110 announced in 2022. The home health market was hindered by industry headwinds in 2022, including staffing shortages and Medicare rate cuts. Despite the decline in M&A during 2022, when we spoke with industry experts Al Veach and Jason Harrison of Agenda Health last... Read More »