Optum is still on an acquisition hot streak, scooping up Healthcare Associates of Texas, Axios reported Wednesday.
Sources told the news outlet that the purchase from Webster Equity Partners would earn HCAT a $300 million enterprise value and earnings before interest, taxes, depreciation and amortization in the high teens. UnitedHealth Group, Optum's parent company, has made overtures to purchase HCAT in the past, according to the report.
HCAT has a large footprint in the Dallas-Fort Worth metropolitan area and has also invested heavily in value-based care, both of which make it an attractive buy for Optum.
Webster bought HCAT in 2016. Neither UnitedHealth nor HCAT has verified the veracity of the deal.
HCAT is the latest in a string of acquisitions for Optum. In March, UnitedHealth announced plans to buy home health provider LHC Group in a $5 billion deal and quietly purchased behavioral health company Refresh Mental Health.
In addition, in April it was reported that the healthcare giant would pick up Houston-based Kelsey-Seybold Clinic.
The LHC deal hit a snag in May when a shareholder filed suit against the home health company, saying it failed to disclose critical information about its finances and the sales process in filings with the Securities and Exchange Commission.
UnitedHealth is also embroiled in a legal scuffle with the federal government over its planned acquisition of Change Healthcare, which would join the Optum fold. The Department of Justice sued to block the deal on antitrust grounds, and a trial is set for August.