As demand for telehealth-based services continues to soar because of COVID-19-related shelter-in-place directives, Optum, the technology-enabled services provider division of UnitedHealth Group, is in advanced talks to acquire AbleTo, a virtual behavioral health therapy company, for about $470 million according to a report published Tuesday by CNBC.
Representatives of the two organizations denied comment to CNBC.
The move would be the latest in a string of acquisitions for Optum, following previous deals for DaVita Medical Group and Vivify Health, a patient monitoring startup.
Optum previously made a “significant investment” in AbleTo in January 2019. CNBC also noted in its report that AbleTo CEO Trip Hofer served as a senior executive for Optum from 2006-12.