UnitedHealth Group Incorporated Announces Executive Changes
Aug 14 15
On August 11, 2015, UNITEDHEALTH GROUP INC appointed Tom Roos, age 42, to the position of Chief Accounting Officer effective August 24, 2015. In connection with this appointment, Mr. Roos will enter into an employment agreement effective August 24, 2015 setting the terms of his employment with the company. Eric Rangen will continue to serve as Chief Accounting Officer of the Company until August 24, 2015.
UnitedHealth Group Incorporated Announces Quarterly Dividend for the Third Quarter of 2015, Payable on September 22, 2015
Aug 12 15
The UnitedHealth Group board of directors, at its meeting on August 11, 2015, authorized payment of a quarterly shareholder dividend of $0.50 per share in the third quarter of 2015. The dividend will be paid on September 22, 2015, to all shareholders of record of UnitedHealth Group common stock as of the close of business September 11, 2015.
UnitedHealth Seeks Acquisitions
Jul 21 15
UnitedHealth Group Incorporated (NYSE:UNH) is seeking acquisitions. UnitedHealth has completed a fixed-income offering, the net proceeds of which will be used for general corporate purposes, including redeeming or repurchasing outstanding securities, refinancing debt or financing other acquisitions.
UnitedHealth Group Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015
Jul 16 15
UnitedHealth Group Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $36,263,000 against $32,574,000 a year ago. Earnings from operations were $2,895,000 against $2,552,000 a year ago. Earnings before income taxes were $2,744,000 against $2,397,000 a year ago. Net earnings were $1,585,000 or $1.64 diluted earnings per share against $1,408,000 or $1.42 diluted earnings per share a year ago. Cash flows from operations also grew 15% year-over-year to $1.2 billion. Second quarter earnings were driven by both consistent broad-based growth at UnitedHealthcare and continued strong growth and improving margin performance from Optum.
For six months, the company reported total revenues of $72,019,000 against $64,282,000 a year ago. Earnings from operations were $5,535,000 against $4,606,000 a year ago. Earnings before income taxes were $5,234,000 against $4,291,000 a year ago. Net earnings were $2,998,000 or $3.10 diluted earnings per share against $2,507,000 or $2.52 diluted earnings per share a year ago. Cash flows from operating activities were $3,432,000 against $2,422,000 a year ago. Purchases of property, equipment and capitalized software, net were $716,000 against $716,000 a year ago.
The company has updated its 2015 financial outlook to include the anticipated Catamaran Corporation combination, which is expected to close during July 2015. UnitedHealth Group projects 2015 revenues of approximately $154 billion, an increase of $11 billion from the previous outlook. Reflecting strength in business performance, the company now expects net earnings in a range of $6.25 to $6.35 per share, an increase from the prior outlook of $6.15 to $6.30 per share. This includes the previously disclosed effects of transaction costs and moderated share repurchase activity related to the Catamaran acquisition. The group projects 2015 cash flows from operations of $8.4 billion to $8.6 billion, an increase of $200 million from the previous outlook.
Presbyterian Healthcare Services and UnitedHealthcare Collaborate to Improve Patient Care in New Mexico
Jun 23 15
Presbyterian Healthcare Services and UnitedHealthcare are launching an accountable care organization (ACO) to improve care coordination and enhance health services for more than 12,300 New Mexico residents enrolled in UnitedHealthcare’s employer-sponsored health plans. The partnership builds on efforts by both organizations to shift New Mexico’s health care system to one that rewards quality and value instead of the volume of procedures performed. UnitedHealthcare will complement Presbyterian’s own data by providing additional support to manage overall population health, including technology and information that will enable care providers to take specific actions that improve quality and lower costs. This may include data on patient profiles, specific quality gaps, and real-time Emergency Department and inpatient admissions. Patient navigators may also be used to support community-based care coordination, such as helping with transition plans after a patient is discharged from the hospital.