Key Developments: UnitedHealth Group Inc (UNH)
62.24USD
24 May 2013
$-0.12 (-0.19%)
$62.36
$62.02
$62.40
$61.49
2,353,952
6,104,271
$63.95
$50.32
Latest Key Developments (Source: Significant Developments)
UnitedHealth Group Inc Announces New Strategic Partnerships With Mobile Health Technology Firms
UnitedHealth Group Inc announced strategic partnerships with three health technology companies that offer mobile products and services designed to help improve consumers’ health and well-being. UnitedHealth Group’s new business partners – CareSpeak Communications, Lose It! and Fitbit – help simplify the consumer health care experience by making relevant, practical information easier to access by using consumer-friendly technology devices such as smartphones and other mobile devices. Full Article
UnitedHealth Group Inc To Acquire XLHealth Corp.
UnitedHealth Group announced that, it has agreed to acquire XLHealth Corp., a sponsor of Medicare Advantage health plans with a primary focus on Medicare recipients with special needs, such as those with chronic illness, and those also eligible for Medicaid ("dual eligibles"). The all cash transaction is subject to customary regulatory approvals. The acquisition is expected to close during the first half of 2012, and is expected to be accretive to UnitedHealth Group earnings per share. Financial terms of the transaction were not disclosed. Full Article
UnitedHealth Group Inc Authorizes Payment Of Quarterly Dividend To Shareholders
UnitedHealth Group Inc announced that its Board of Directors, at its meeting on November 3, 2011, authorized payment of a quarterly dividend to shareholders in the fourth quarter of 2011. The dividend, $0.1625 per share, will be paid on December 21, 2011, to all shareholders of record of UnitedHealth Group common stock as of the close of business on December 7, 2011. Full Article
UnitedHealth Group Inc Raises FY 2011 Guidance
UnitedHealth Group Inc updated its fiscal 2011 outlook and now forecasts fiscal 2011 revenues to exceed $101 billion, net earnings in the range of $4.40 to $4.45 per share. Each of these has been increased from the previous outlook. According to I/B/E/S estimates, analysts were expecting the Company to report earnings per share (EPS) of $4.37 on revenue of $101.5 billion for fiscal 2011. Full Article
UnitedHealth Group Inc Buys California Group Of 2,300 Doctors-WSJ
The Wall Street Journal reported that UnitedHealth Group Inc will acquire the operations of a southern California physician group, in the latest example of how the lines between insurance companies and health-care providers are blurring. The purchase of the management arm of Monarch HealthCare, an Irvine, Calif., association that includes approximately 2,300 physicians in a range of specialties. Optum had previously taken over the management arms of two smaller southern California groups, AppleCare Medical Group and Memorial HealthCare Independent Practice Association. A price was not disclosed. Full Article
UnitedHealth Group Inc Authorizes Payment Of Quarterly Dividend
UnitedHealth Group announced that its Board of Directors, at its meeting on August 2, 2011, authorized payment of a quarterly dividend to shareholders in the third quarter of 2011. The dividend, $0.1625 per share, will be paid on September 21, 2011, to all shareholders of record of UnitedHealth Group common stock as of the close of business on September 7, 2011. Full Article
UnitedHealth Group Inc Raise FY 2011 Outlook
UnitedHealth Group Inc. updated its fiscal 2011 outlook based on second quarter results and business trends, and now forecasts fiscal 2011 revenues of $101 billion, net earnings in the range of $4.15 to $4.25 per share. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $4.19 for fiscal 2011. Full Article
UnitedHealth Group Inc. Sues US DoD Over Tricare Contract-Reuters
Reuters reported that UnitedHealth Group Inc. has filed a lawsuit against the U.S. Dept of Defense over its handling of a military contract awarded to health insurer Humana Inc. The suit, filed with the U.S. Court of Federal Claims, follows the Government Accountability Office's (GAO) decision last week to deny UnitedHealth's protest of the Tricare South Region contract award to Humana. The stakes in the case are high as the Tricare South region contract, involving health benefits for 3 million active and retired military members and their families, is worth $23.5 billion over five years plus a transition period. UnitedHealth won the contract that had been held by Humana in July 2009, but Humana protested to the GAO, claiming discrepancies between the award criteria in the bid documents and those actually used to make selections. Full Article
UnitedHealth profit falls, CEO warns about private Medicare cuts
- Lower government payments for private Medicare services and prescriptions for older people dragged down UnitedHealth Group Inc's first-quarter profits, the company said on Thursday.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
