Podcast Center
Video Center
Webcasts
Resource Center
Events
February 26, 2008 at 02:22 PM
A health insurance giant has had to make only a small adjustment in deal terms to close on a Mountain State acquisition.
UnitedHealth Group Inc., Minnetonka, Minn., reported Monday that it had received the final approvals it needed from the U.S. Department of Justice to acquire Sierra Health Services Inc., Las Vegas, for about $2.6 billion in cash.
UnitedHealth provides or administers major medical coverage for 31 million U.S. residents, while Sierra Health provides or administers health coverage for only about 860,000 people.
Nevada medical societies and consumer groups had objected to the deal, contending that the acquisition would give UnitedHealth a dominant position in the Las Vegas group health market and an overwhelming edge in the Las Vegas health maintenance organization plan market.
