UnitedHealth buys DaVita Medical Group for $4.9B

UnitedHealth Group's Optum to acquire dialysis-center chain DaVita for $4.9B

This is an increase of 610% compared to the average daily volume of 300 put options. DaVita shares rose 12 percent Wednesday's premarket. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.35 and a current ratio of 1.40. DaVita has $83 highest and $57.0 lowest target. As per Monday, September 25, the company rating was maintained by RBC Capital Markets. Moreover, Timessquare Mgmt Ltd Llc has 0.98% invested in DaVita Inc. 157.19 million shares or 0.09% more from 157.04 million shares in 2017Q1 were reported. The Minnesota-based insurer has become the dominant firm in its industry, with a market cap of almost $213 billion, against $58 billion for second-place Aetna. Its shares are up 36.48% this year, while DaVita is higher by just 0.74%.

"I am so proud of the DaVita Medical Group accomplishments, including our excellent clinical outcomes as reflected in our star ratings performance, our strong emphasis on growing physician leaders, our teammate engagement and advancing the care model", said Kent Thiry, chairman and CEO of DaVita Inc. Jarislowsky Fraser Limited accumulated 1.51M shares or 0.62% of the stock. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Several institutional investors have recently made changes to their positions in DVA. DaVita HealthCare Partners's quarterly revenue was up 5.2% compared to the same quarter past year.

Following the transaction, DaVita Medical Group will become part of Optum's OptumCare division, which today works with more than 80 health plans to serve millions of consumers annually through 30,000 affiliated physicians and hundreds of care facilities.

About DaVita Inc. DaVita Inc., a Fortune 500 company, is the parent company of DaVita Kidney Care and DaVita Medical Group. It is positive, as 48 investors sold DaVita Inc. shares while 135 reduced holdings. Jensen Investment Management Inc. now owns 9,740 shares of the company's stock valued at $631,000 after acquiring an additional 1,900 shares during the last quarter.

Several other research firms have also commented on DVA. (NYSE:DVA) on Monday, October 9 to "Underweight" rating. (NYSE:DVA) has "Hold" rating given on Wednesday, November 8 by RBC Capital Markets. Robert W. Baird reaffirmed a "hold" rating and set a $63.00 price objective on shares of DaVita HealthCare Partners in a research note on Friday, November 10th. The firm has "Buy" rating given on Thursday, November 9 by RBC Capital Markets. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. $65.75's average target is -3.22% below currents $67.94 stock price.

ILLEGAL ACTIVITY NOTICE: This report was reported by TrueBlueTribune and is the property of of TrueBlueTribune.

UnitedHealth Group Inc (NYSE:UNH), the dominant player in the USA health insurance market, has agreed to buy the medical clinic business of Davita Inc (NYSE:DVA) for $4.9 billion, accelerating consolidation in the healthcare space. The firm operates kidney dialysis centers and provides related lab services in outpatient dialysis centers.

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