The Massachusetts Legal professional Basic’s workplace signed off on Optum’s acquisition of Atrius Well being for $236 million April 21, in line with the Boston Globe.
Many of the Newton, Mass.-based nonprofit supplier’s belongings and workers shall be acquired by UnitedHealth subsidiary Optum. The deal nonetheless needs to be reviewed by the Massachusetts Supreme Courtroom.
The acquisition value was raised from $73 million to $236 million on account of the state assessment and shall be given to a basis that does charitable work much like Atrius’ mission.
Optum will even make investments $200 million into Atrius over 5 years for supplier recruitment and infrastructure.
The approval comes after the 2 organizations first signed an acquisition settlement in March 2021. The proposed deal has additionally been below scrutiny by state regulators since final summer time.
Atrius Well being employs 645 physicians and first care suppliers, together with 421 extra clinicians.
“Our workplace fastidiously reviewed this proposed transaction,” an legal professional normal’s workplace spokesperson instructed the Globe in a press release. “Whereas it is going to imply a loss within the charitable sector of an vital healthcare supplier, it is going to allow Atrius Well being to proceed to serve lots of of 1000’s of sufferers, will protect the worth of the charitable belongings, and make sure that the Atrius Well being Fairness Basis will use sale proceeds to advertise well being fairness.”