AmeriChoice Acquisition of Unison Health Plan Completed | Business Wire

MINNEAPOLIS, Minn.–(BUSINESS WIRE)–AmeriChoice, a UnitedHealth Group (NYSE: UNH) company, today announced

it'd received all necessary regulatory approvals for its acquisition

of Unison Health Plans and the transaction has closed. On a combined

basis, AmeriChoice and Unison serve more than two million beneficiaries

of government-sponsored health Care programs in 21 states and the

District of Columbia, including Unison’s

operations in Pennsylvania, Ohio, Tennessee, Delaware, South Carolina

and Washington, DC.

Unison facilitates access to high-quality, cost-effective health care

for traditionally underserved populations through its participation in

state Medicaid, State Children’s Health

Insurance Programs (SCHIP), Adult Basic Programs and Medicare Special

Needs Plans.

Rick Jelinek, chief executive officer of AmeriChoice, said, “We

are looking forwards to working with the management and staff of Unison,

the many fine physicians, hospitals and other health care professionals

affiliated with the company and the states it serves to deliver quality

health care services to its members.”

Dr. John Blank, M.D., Unison’s president and

chief executive officer, said, “Our

combination with AmeriChoice is a tremendous opportunity for us to work

with one of the most respected public sector health care program

companies in the country and will give Unison access to assets and

resources that'll enable even stronger performance on behalf of our

members and state sponsors.”

Unison provides government-sponsored health plan coverage to

approximately 380,000 people through a network of 28,000 independent

health care providers and a workforce of almost 1,000 employees. Current

Unison management and staff will remain in place. The company will

operate under its current name as a subsidiary of AmeriChoice.

Purchase price and other financial terms weren't disclosed for this

all-cash transaction.

About UnitedHealth Group

UnitedHealth Group is a diversified health and well-being company

dedicated to making health care work better. Headquartered in

Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of

products and services through seven operating businesses:

UnitedHealthcare, Ovations, AmeriChoice, Uniprise, OptumHealth, Ingenix,

and Prescription Solutions. Through its family of businesses,

UnitedHealth Group serves more than 70 million individuals nationwide.

About AmeriChoice

AmeriChoice, the public sector health care unit of UnitedHealth Group,

facilitates access to community-based, culturally-sensitive, quality

health care for more than two million beneficiaries of Medicaid,

Medicare and Children’s Health Insurance

Programs in 21 states across the country. AmeriChoice believes that

health care can't be provided effectively without consideration of the

environmental factors that affect a person’s

life. Through its unique Personal Care Model, takes a holistic

approach to health care, emphasizing practical programs to improve its

members’ living circumstances as well as

their health. Visit www.americhoice.com

for more information.

About Unison

With years of steady growth, Unison has become a leader in public sector

health plans, serving approximately 380,000 members and 28,000 providers

in Delaware, Ohio, Pennsylvania, South Carolina, Tennessee and

Washington, DC. Unison provides high quality, cost effective health care

and responsive customer service that empowers its members and providers

to work together for better health. For additional information, visit www.unisonhealthplan.com.

Forward-Looking Statements

This news release may contain statements, estimates, projections,

guidance or outlook that constitute “forwards-looking”

statements as defined under U.S. federal securities laws. Generally the

words “believe,” “expect,”

“intend,” “estimate,”

“anticipate,” “plan,”

“project,” “will”

and similar expressions, identify forwards-looking statements, which

generally aren't historical in nature. These statements may contain

information about financial prospects, economic conditions, trends and

uncertainties and involve risks and uncertainties. We caution that

actual results could differ materially from those that management

expects, depending on the outcome of certain factors, including Unison’s

service and financial performance after the acquisition. We don't

undertake to update or revise any forwards-looking statements.

UnitedHealth Group
Investor Contacts:
John S. Penshorn, 952-936-7214
or
Brett Manderfeld, 952-936-7216
or
Media:
Steven J. Matthews, 212-898-8428