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UnitedHealth Group history
UnitedHealth Group company history timeline
The company was founded in January 1977 and is headquartered in Minneapolis, MN.“
In 1977, the United HealthCare Corporation was created to reorganize the company and became the parent company of Charter Med.
In 1988, United HealthCare started its first pharmacy benefit management, through its Diversified Pharmaceutical Services subsidiary.
The subsidiary was sold to SmithKline Beecham in 1994 for $2.3 billion.
In 1994, United HealthCare acquired Ramsey-HMO, a Florida insurer.
In 1995, the company acquired The MetraHealth Companies Inc. for $1.65 billion.
In 1996, United HealthCare acquired HealthWise of America, which operated HMOs in Arkansas, Maryland, Kentucky and Tennessee.
UnitedHealth Group achieved its first significant success in 1997.
In 1997, the company also expanded its Evercare program.
And Aetna was in trouble financially, a problem blamed in part on overpriced acquisitions, such as the $1 billion purchase in 1999 of Prudential Healthcare.
Created by Austin, Texas-based GSD&M, which had been UnitedHealthcare's agency since 2000, the campaign included television and radio spots and newspaper print ads.
By 2001 Aetna's problems had resulted in a net loss of $279.6 million.
In 2002, UnitedHealth Group merged its Medicaid business with AmeriChoice—the company’s chosen platform for serving poor people.
In 2002 UnitedHealth Group's net income climbed 48 percent to $1.35 billion on a revenue increase of 6.7 percent to $25 billion.
The campaign, which first ran for a week in April 2003, included television and radio spots and newspaper ads in the target markets.
In addition, the company reported that the campaign resulted in significant increases in brand awareness among consumers; awareness jumped from 65 percent prior to the April 2003 launch to 79 percent afterward.
"UnitedHealth Group Reports Record First Quarter Earnings of $1.29 Per Share." Business Wire, April 16, 2003.
Following the initial release of the campaign, Adweek included the television spot "Hornet's Nest" on its June 2003 Best Spots list, describing the campaign as turning good sense into an art form.
On July 21, 2003, Exante Bank started operating in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation.
By 2003 the company had grown to become the largest health insurer in the United States, providing services, coverage, and products that affected more than 40 million consumers.
Also in 2003, UnitedHealth Group acquired Golden Rule Financial, a provider of health savings accounts.
In July 2004, the company acquired Oxford Health Plans.
Not only did the campaign achieve its goals of increasing brand awareness and strengthening brand identity, but in 2004 "It Just Makes Sense" was broadened into UnitedHealthcare's first national campaign.
In 2004 the company launched a national marketing campaign designed to reinforce the brand's value and relevance to consumers.
In December 2005, the company acquired PacifiCare Health Systems.
In February 2006, the company acquired John Deere Health Care.
In February 2008, the company acquired Sierra Health Services for $2.6 billion.
In July 2009, UnitedHealth Group agreed to acquire Health Net's Northeast licensed subsidiaries for up to $570 million in payments spread out over two years.
In 2009, UnitedHealth Group introduced a diabetes health plan—the first of its kind.
In July 2010, Ingenix acquired Picis, a health information provider for the high-acuity areas of hospitals.
In 2010, the company also announced an innovative cancer care payment model to pay oncologists.
In 2011, Logistics Health, Inc. of La Crosse, Wisconsin, was acquired by OptumHealth.
In February 2014, Optum secured a majority stake in the Washington, D.C.-based startup Audax Health.
In October 2014, Optum Health acquired the health services unit of Alere for $600 million cash.
It was ranked 14th in the Fortune 500 rankings for 2014.
UnitedHealth Group registered revenue worth $130.5 billion in 2014.
In March 2015, it was announced that CatamaranRx will be acquired by OptumRx.
In 2017, UnitedHealth's Optum unit acquired Rally Health, a company started by Audax Health's executives.
In June 2019, UnitedHealth's Optum division acquired Davita Medical Group from DaVita Inc. for $4.3 billion.
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UnitedHealth Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Humana | 1961 | $77.2B | 48,700 | 9,409 |
| Aetna | 1853 | $60.6B | 47,950 | 9 |
| Centene | 1984 | $163.1B | 65,000 | 469 |
| Elevance Health | 1944 | $121.9B | 63,900 | 3 |
| Johnson & Johnson | 1886 | $88.8B | 134,500 | 1,307 |
| WellCare Health Plans | 1985 | $20.4B | 14,000 | - |
| Coventry Health Care | 1986 | $14.1B | 14,400 | 1 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,022 |
| Genworth | 2004 | $8.4B | 3,000 | 19 |
| Tenet Healthcare | 1969 | $20.7B | 102,000 | 4,486 |
UnitedHealth Group history FAQs
Zippia gives an in-depth look into the details of UnitedHealth Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about UnitedHealth Group. The employee data is based on information from people who have self-reported their past or current employments at UnitedHealth Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by UnitedHealth Group. The data presented on this page does not represent the view of UnitedHealth Group and its employees or that of Zippia.
UnitedHealth Group may also be known as or be related to UNITEDHEALTH GROUP INC, UnitedHealth Group, UnitedHealth Group Inc., UnitedHealth Group Incorporated, Unitedhealth Group, Unitedhealth Group Incorporated and unitedhealth care.