Optum is buying MedSynergies Inc., which provides services to physician groups.
MedSynergies, headquartered in Irving, Texas, provides physician practice, referral and revenue management, as well as other business services to physician groups that are aligned with large health systems. The company serves about 9,300 care providers in the U.S. Terms of the deal were not disclosed.
The acquisition allows Optum to provide better physician management capabilities. The Eden Prairie, Minnesota-based buyer provides information and technology-enabled health services. The company is part of UnitedHealth Group (NYSE: UNH).
Companies have been making health care acquisitions as the Affordable Care Act brings more patients into the health care system, and providers require additional resources and technology to keep up with demand.
Other physician group-related M&A transactions include IPC the Hospitalist Co. Inc.'s (Nasdaq: IPCM) deal for two practices in Florida, and Mednax's acquisition of medical billing technology MedData Inc.
For more on health care technology deals, see 5 Technologies Drive Health Care M&A.