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UnitedHealth Group is expanding more into providing care. Photo: Jim Mone / AP

UnitedHealth Group is buying DaVita Medical Group, a large physician network that cares for patients in six states and is owned by kidney-care giant DaVita, for $4.9 billion. The group will become part of UnitedHealth's Optum division.

Why it matters: UnitedHealth is known for its massive health insurance arm. But this deal — combined with its recent acquisitions of surgery centers, urgent care clinics, a health care consulting company, a pharmacy benefit manager and other physician practices — shows again that the behemoth corporation continues to expand outside insurance and into the actual delivery of health care.

Get smart: The CVS-Aetna merger attempts to chase after UnitedHealth, which likely either has data about you or covers your health care in some way.

The other side: Reuters recently reported DaVita was considering selling the medical group, which had been losing money. DaVita will use the money to buy back stock and focus on its core dialysis business, which has been under intense scrutiny for financial ties to a charity that helps dialysis patients pay for their private insurance.

Go deeper

Updated 3 mins ago - Politics & Policy

"Believe your eyes": Prosecutors make closing arguments in Chauvin trial

Steve Schleicher, an attorney for the prosecution in Derek Chauvin's trial, began closing arguments on Monday by describing in detail George Floyd's last moments — crying out for help and surrounded by strangers, as Chauvin pressed his knee into Floyd for nine minutes and 29 seconds.

Why it matters: The jury's verdict in Chauvin's murder trial, seen by advocates as one of the most crucial civil rights cases in decades, will reverberate across the country and have major implications in the fight for racial justice.

Kendall Baker, author of Sports
4 hours ago - Sports

European soccer is at war

Liverpool celebrating its 2019 Champions League victory. Photo: Nigel Roddis/Getty Images

Europe's biggest soccer clubs have established The Super League, a new midweek tournament that would compete with — and threaten the very existence of — the Champions League.

Why it matters: This new league, set to start in 2023, "would bring about the most significant restructuring of elite European soccer since the 1950s, and could herald the largest transfer of wealth to a small set of teams in modern sports history," writes NYT's Tariq Panja.

Dion Rabouin, author of Markets
5 hours ago - Economy & Business

2021's expected earnings blowout begins

JPMorgan CEO Jamie Dimon. Photo: Mark Kauzlarich/Bloomberg via Getty Images

First-quarter earnings so far have been very strong, outpacing even the rosy expectations from Wall Street and that's a trend that's expected to continue for all of 2021. S&P 500 companies are on pace for one of the best quarters of positive earnings surprises on record, according to FactSet.

Why it matters: The results show that not only has the earnings recession ended for U.S. companies, but firms are performing better than expected and the economy may be justifying all the hype.