UnitedHealth Group on Monday made a surprise $3.26 billion all-cash offer to acquire Amedisys Inc., pitting itself against another healthcare company set to buy the home health and hospice care firm. Interest in the home health sector has jumped since the pandemic as patients and caregivers increasingly prefer accessing medical services from the safety of…
UnitedHealth Expects Strong 2023 Earnings as COVID-19 Costs Ease
UnitedHealth Group Inc. expects to meet Wall Street’s loftier expectations for 2023 profit after the health insurer raised its annual profit forecast for the third time on Friday, helped by lower COVID-19 costs. An industry bellwether and the first health insurer to report third-quarter earnings set a positive tone with its 2022 forecast raise and…
UnitedHealth Closes Roughly $8 Billion Deal for Change Healthcare
MINNETONKA, Minn.—UnitedHealth Group said Monday that it completed its acquisition of Change Healthcare, closing the roughly $8 billion deal a couple weeks after a judge rejected a challenge from federal regulators. UnitedHealth is merging the technology company with its Optum segment. The health care giant said that combination will simplify clinical, administrative and payment processes…
Justice Department Sues UnitedHealth Over Nearly $8 Billion Deal
Federal regulators are suing to block UnitedHealth Group’s purchase of technology company Change Healthcare, a deal they fear will put too much health care claims information in the hands of one company. The U.S. Department of Justice said Thursday that the proposed deal would hurt competition and give UnitedHealth Group—which runs the nation’s largest insurer—access…
UnitedHealth Says Omicron-Driven Cost Impact Cushioned by Healthcare Deferrals
UnitedHealth Group Inc. on Wednesday said added costs of testing and treatment related to the recent increase in COVID-19 cases are being offset by postponements of non-urgent health care procedures, and the health insurer maintained its 2022 profit forecast. The comments should help allay investor concerns that the rise in COVID-19 infections and hospitalizations driven…
UnitedHealth Expects Smaller Hit From COVID-19 in 2022
UnitedHealth Group Inc. said it expected COVID-19 to have a smaller impact on its profit next year as infections decline and more people get vaccinated, sparking a rally in the shares of U.S. health insurers. The company, the largest U.S. health insurer, on Thursday also put to rest concerns of an impact from the Delta…
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