UnitedHealth Group Inc. has agreed to acquire Student Resources from a unit of HealthMarkets Inc.
Student Resources sells health insurance to college students, and it also sells accident insurance to students at every level from preschool to grade 12.
HealthMarkets, North Richland Hills, Texas, is selling the unit because it wants to focus on selling health insurance to individuals, self-employed individuals and small businesses, the company says.
The deal should benefit Student Resources’ customers by giving them access to UnitedHealth’s large provider network and deep network discounts, HealthMarkets says.