Optum is a big, successful subsidiary of United HealthCare. In recent years it’s taken to buying up provider organizations including physician practices. Optum is pouring $250 million into the acquisition and expansion of Reliant Medical Group in Worcester, outbidding traditional providers and injecting new competitive juice into the market.
Reliant –formerly Fallon Clinic– has 2600 employees and is almost 90 years old. Here’s what I told the Worcester Telegram:
“A lot of these systems are under strain,” said David E. Williams, president of the Health Business Group, a Boston-based consulting firm. “I think what you’re seeing at the same time is there are some national organizations, health plans and companies like Optum that do have a lot of capital and that have diversified businesses that are looking for growth opportunities.”
July 24, 2018