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Jim Mone / AP

The Advisory Board Company has agreed to sell its health care consulting business to Optum, which is part of UnitedHealth Group, for $1.3 billion including debt. Advisory Board's education business will be sold separately to private-equity firm Vista Equity Partners for $1.55 billion.

What it means: The deal, spurred by activist investment firm Elliott Management, was expected after a Bloomberg report surfaced in July. Optum will become an even bigger player in the health care consulting space by acquiring Advisory Board, a company that works extensively with hospitals and other providers.

The growing giant: Between this deal, UnitedHealth's acquisition of Surgical Care Affiliates and the Optum pharmacy benefit manager, it's worth reminding that UnitedHealth is not just a health insurance company — it's a behemoth whose tentacles cover almost every corner of the industry.

Go deeper

Erica Pandey, author of @Work
42 mins ago - Economy & Business

The wealthy exodus from superstar cities

Pandemic-induced remote work is chipping away at a recent trend of Americans staying put — but only for the well-off.

Why it matters: Telework has been lauded as a geographic equalizer, allowing talented people from all over the country to go for jobs in superstar coastal metros. But the benefits have largely been limited to wealthier workers — so far.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: The end of quarantine — CDC updates guidance on airborne COVID-19.
  2. Politics: Oklahoma secures $2.6 million refund for hydroxychloroquine purchase — Why Biden's latest vaccine goal is his hardest yet.
  3. Vaccines: Pfizer begins application for full FDA approval of COVID-19 vaccine — Moderna says its COVID booster shot shows promise against variants.
  4. Economy: U.S. adds just 266,000 jobs in April, far below expectations.
  5. World: Asia faces massive new COVID surge.
  6. Variant tracker: Where different strains are spreading.
3 hours ago - Health

States request fewer coronavirus vaccines as demand plummets

A pharmacy student preparing a coronavirus vaccine in Angeles, California, on May 7. Photo: Frederic Brown/AFP via Getty Images

States are requesting fewer doses of the coronavirus vaccine as demand for the shots plummets, according to AP.

Why it matters: Over half of all American adults have now gotten at least one shot of a vaccine, and 42% of adults are fully vaccinated. But administering more vaccines may become more difficult because adults who are enthusiastic about getting vaccinated have likely already received at least one dose.