OptumHealth Buys WI-based Health Services Co.
OptumHealth, a subsidiary of UnitedHealth Group, Inc., has signed a definitive agreement to buy Logistics Health, Inc. (LHI), a LaCrosse, Wisconsin-based health care management company.
The deal is subject to antitrust review by the federal government and is expected to close later this year. Financial terms of the agreement were not disclosed.
In a statement released Monday, Golden Valley-based OptumHealth said that the two companies share a common focus on providing innovative health services that support the needs of individuals and organizations.
OptumHealth offers services aimed at helping employers, insurance companies, health care providers, and public sector organizations-such as county and state governments-navigate the health care system, finance their health care needs, and achieve their health and well-being goals, the company said.
LHI serves as a third party health care administrator to private and public employers, including the Department of Defense. Founded in 1999 and employing about 900 workers in the LaCrosse area, the company provides medical services to the U.S. military, such as pre-enlistment physicals for military applicants and disability exams to veterans. Other government clients include the Center for Disease Control and Prevention and the U.S. Postal Service.
OptumHealth generates more than $5 billion in annual revenues. Its parent company, Minnetonka-based UnitedHealth, is Minnesota's largest public company based on revenue, which totaled $94.2 billion in 2010. With 11,500 employees in the state, it's also among Minnesota's 15 largest employers.