Connect with us

Massachusetts

Optum gets go-ahead from Massachusetts AG for $236M Atrius Health purchase

Published

on

Optum gets go-ahead from Massachusetts AG for 6M Atrius Health purchase


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.

Advertisement

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.”





Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Massachusetts

State police say Friday’s storm caused 200 crashes across Massachusetts

Published

on

State police say Friday’s storm caused 200 crashes across Massachusetts


State police say Friday’s storm caused 200 crashes across Massachusetts – CBS Boston

Watch CBS News


State Police say they responded to 200 crashes on Friday across Massachusetts due to the snowstorm.

Advertisement

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Source link

Advertisement
Continue Reading

Massachusetts

Dangerousness hearing held for Taunton man in Fall River after Massachusetts, Rhode Island State Police make trafficking arrest involving Bristol, Plymouth, RI counties

Published

on

Dangerousness hearing held for Taunton man in Fall River after Massachusetts, Rhode Island State Police make trafficking arrest involving Bristol, Plymouth, RI counties


A dangerousness hearing was held Friday for a Bristol County man after a drug trafficking investigation led to his arrest.

According to Massachusetts State Police, during May and June of this year, members of the Commonwealth Interstate Narcotics Reduction Enforcement Team – South initiated an investigation into narcotics trafficking. Intelligence revealed that 33-year-old Jason Hodo of Taunton was distributing trafficking quantities of fentanyl and cocaine in Rhode Island and throughout Plymouth and Bristol Counties in Massachusetts. Investigators completed extensive traditional and covert surveillance, record checks, and intelligence analysis. The investigation led to warrants being sought and granted to search for all controlled substances at all locations related to Hodo.

In June, executing officers followed Hodo in his vehicle after he departed the Rhode Island location and drove to a Taunton gas station. Hodo was detained, searched, and arrested after amounts of fentanyl and cocaine were located. Members then executed the “knock and announce” search warrants without incident at locations in both states.

The searches in Massachusetts led to the seizure of approximately 528 grams of fentanyl, 206 grams of cocaine, and nearly $22,000 from Hodo’s person and vehicle. Hodo was eventually transported to State Police-Middleboro for booking on charges related to Trafficking Class A and Class B Substances.

Advertisement

A simultaneous search of the Rhode Island location by Rhode Island State Police revealed the following: two firearms loaded with high-capacity magazines, approximately 12 grams of fentanyl, nearly $19,000, several high value bars of gold, jewelry, and a diamond/gold chain with receipt for $103,000.

Previously in Fall River Superior Court, Hodo pled not guilty at his arraignment and was held without bail pending a dangerousness hearing scheduled for Friday.

On Friday, also in Fall River Superior Court, dangerousness was taken under advisement with Hodo still held without bail.

His next scheduled court appearance is a pre-trial conference in February.

Advertisement



Source link

Continue Reading

Massachusetts

Mass. State Lottery winner: Lucky store sold 6 winning tickets Friday

Published

on

Mass. State Lottery winner: Lucky store sold 6 winning tickets Friday


It was the final day of the fall, but for one store in Arlington, it was their luckiest day of the year.

On Friday, Dec. 20, Peter Pan Superette in Arlington sold six winning Keno tickets, each worth $9,600.

While over the course of the year the store has at times sold two winners in one day, Friday was the only time in 2024 the total grew to six.

Overall, at least 565 worth $600 or more were won or claimed in Massachusetts on Friday, including six in Springfield, 29 in Worcester and 42 in Boston.

Advertisement

The Massachusetts State Lottery releases a full list of winning tickets every day. The list only includes winning tickets worth more than $600.

So far, the largest lottery prize won in Massachusetts this year was worth $1 million a year for life.

The prize was from the lottery’s “Lifetime Millions” scratch ticket game. The winner claimed their prize through a trust on July 10, and opted to receive a one-time payment of $15.4 million.



Source link

Advertisement
Continue Reading

Trending