UnitedHealth's (NYSE: UNH) subsidiary, OptumHealth, in an effort to expand its reach into health services, is buying Logistics Health Inc., a rapidly-growing Wisconsin company that provides wellness programs, reports the Minneapolis Star Tribune.
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, according to Twin Cities Business.
Most of LHI's business is with the federal government, providing healthcare support services such as medical readiness exams, occupational health services and secure data management, according to the Minneapolis/St. Paul Business Journal. Last month, it signed a five-year, $635 million contract with the Department of Defense to provide disability exams to veterans, the Star Tribune notes.
The two companies "share a common focus on providing innovative health services that support the needs of individuals and organizations," said Brian Kane, a spokesman with OptumHealth. "In particular, LHI has earned a tremendous reputation for meeting the unique needs of the men and women of the U.S. Armed Forces, and we would be honored to have the opportunity to support LHI's dedicated employees in growing that important work."