UnitedHealthcare To Acquire Monarch HealthCare California Physician Management Group

UnitedHealthcare of California has submitted plans to acquire the management arm of Monarch HealthCare, a physician management group based in Irvine, California. The application must be approved by the California Department of Managed Health Care before the acquisition can be finalized. Monarch HealthCare has 2,300 physicians, including behavioral health professionals, and operates as a managed care organization. Although the financial terms of arrangement have not been disclosed, Monarch HealthCare’s existing executive team is expected to stay in place. Monarch HealthCare’s operations will become part of UnitedHealthcare’s OptumHealth subsidiary. The acquisition is expected to expand OptumHealth’s . . .