Univita sells division, names new CEO
EDEN PRAIRIE, Minn. – Univita Health has signed an agreement to sell its Insurance Administration Services division to Stone Point Capital, a private equity firm. “The sale of the division will allow Univita to continue to expand its proven integrated home care delivery model as the single source solution for the post-acute care continuum,” the company states in a press release. “With the post-acute market size estimated at over $60 billion, there is a recognized need for expertise integrating across the care continuum.” Univita has also named Michael Muchnicki as CEO, replacing Jean Haynes. Muchnicki has 25 years of experience in health care delivery and managed care, including management positions at United Health Group and Cigna Healthcare.