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UnitedHealth pays $4.9B for DaVita Medical Group clinics, health care services

Health care giant UnitedHealth Group reached a deal to acquire a medical group with nearly 300 clinics, as well as 35 urgent-care centers and six outpatient surgery centers. UnitedHealth said it would pay $4.9 billion for El Segundo, Calif.-based DaVita Medical Group, adding to its roster of medical services as the insurance giant expands. The deal comes as many insurance companies look to diversify their businesses to add more medical treatment offerings, data capability and other services. Earlier this week, insurance giant Aetna announced a deal to sell itself to drugstore chain CVS Health, which plans to expand its medical services following the deal. DaVita Medical Group, a division of Fortune 500 company Davita Inc., treats about 1.7 ...