On December 5, 2017, Optum signed an agreement to purchase DaVita Medical Group (Davita) for $4.9 billion. The transaction is expected to close in 2018, pending regulatory approval. DaVita will become part of Optum's OptumCare Divisions which works with over 80 health plans. DaVita's chief operating officer, and the company's leadership team, will retain leadership roles in the combined entity. In their press release on the acquisition, Larry C. Renfro, CEO of Optum was quoted as saying, “Combining DaVita Medical Group and Optum advances our shared goal of supporting physicians in delivering exceptional patient care in . . .