|Net Worth:||$476.32 Billion|
|Company:||United Health Group|
What is United Health Group’s Net Worth?
UnitedHealth Group Incorporated is an internationally managed healthcare and insurance firm established in Minnetonka, Minnesota. Along with insurance services, it provides healthcare items.
The largest healthcare organization by revenue as well as the largest insurance provider based on net premiums, UnitedHealth Group is the seventh-largest firm in the world overall. Eighty percent of the Group’s total income comes from UnitedHealthcare.
According to the 2022 Fortune Global 500, the company is rated number 11. At the close of business on March 31, 2021, UnitedHealth Group had a market value of $400.7 billion.
A privately held business with its headquarters in Minnetonka, Minnesota, Charter Med Incorporated was established in 1974 by Richard Taylor Burke.
The corporation was reorganized in 1977, and the United HealthCare Corporation, which was established as a result, became Charter Med’s parent organization.
The newly established Minnesota Physicians Health Plan, a pioneer in health management, was under the control of United HealthCare.
Through its subsidiary Diversified Pharmaceutical Services, United HealthCare established the first pharmaceutical benefit management program in 1988. It oversaw the delivery of prescription benefits via mail and retail pharmacies.
In 1994, SmithKline Beecham paid $2.3 billion to purchase the subsidiary.
For $4.3 billion, DaVita Medical Group was purchased by UnitedHealth’s Optum subsidiary in June 2019 from DaVita Inc. In that same year, the business also agreed to pay $3.2 billion to purchase Equian.
The online patient community platform PatientsLikeMe was purchased by UnitedHealth on June 19, 2019, for an unknown sum, and it would be integrated into the research division of UnitedHealth Group.
Besides serving as the company’s Optum division’s CEO, Andrew Witty was appointed president of UnitedHealth in November 2019. The purchase of LHC Group by UnitedHealth at $5.4 billion was announced in March 2022.
By integrating the services of LHC and UnitedHealth’s Optum division, the transaction will increase its capacity for home health.
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