UnitedHealth Wins $21 Billion U.S. Military Health Contract
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UnitedHealth Group Inc. wrested a military health contract valued at as much as $20.5 billion from TriWest Healthcare Alliance Corp., a closely held company that has had the work since 2003.
UnitedHealth, the nation’s biggest health insurer by revenue, in April persuaded the Pentagon to reconsider a 2009 decision to award the five-year contract for the western region to TriWest. The U.S. Defense Department announced the decision in favor of UnitedHealth after markets closed yesterday, sending the company’s shares higher in after-market trading.