UnitedHealth To Acquire AmeriChoice

NU Online News Service, June 18, 11:09 a.m. – UnitedHealth Group Inc., Minnetonka, Minn., has agreed to acquire AmeriChoice Corp., Vienna, Va., for $530 million in stock and the assumption of $30 million in debt.

AmeriChoice is a privately held, 13-year-old company that specializes in running state Medicaid programs. It generates about $900 million a year in revenue.

UnitedHealth, a large managed care company, gets about $1.1 billion a year in revenue from its own Medicaid services unit, the company says.