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UnitedHealthcare of Ohio Inc history
UnitedHealthcare of Ohio Inc company history timeline
In June 1985 United HealthCare made its first major acquisition since going public, acquiring Share Development Corporation, an Indiana-based multi-state HMO through a stock swap valued at nearly $60 million.
That month, on the heels of the HMO America deal, United HealthCare agreed to make its first divestiture since 1987, selling its Des Moines-based health plan with about 26,000 members.
In another restructuring move designed to shore up its relationship with PHP, United agreed to a new five-year contract in April 1988, which gave the PHP board of directors the power to appoint its own chief executive and other key officers.
Nevertheless, the restructuring program eventually returned United to profitability, and by the end of 1989 it was one of the largest publicly traded HMOs in the United States, serving about one million people in 15 states.
In July 1990 United became the first managed health care company to go after clients already associated with other HMOs, offering three types of health care services separately rather than in a package.
In July 1991 United purchased the Wauwatosa, Wisconsin-based Samaritan Health Plan Insurance Corporation, one of the first hospital-sponsored HMOs in the country.
In early 1993 United HealthCare became Ohio's preeminent HMO when it paid $100 million to acquire Western Ohio Health Care Corporation, a 185,000-member health plan and the largest HMO in Dayton, Ohio.
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UnitedHealthcare of Ohio Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Unitedheath Group | 1977 | $1.4B | 1,800 | 138 |
| MetroPlus | 1985 | $430.0M | 540 | 40 |
| SelectQuote Insurance Services | 1985 | $1.3B | 2,009 | 30 |
| Dental Select | 1989 | $6.9M | 124 | 50 |
| Flexible Benefit Service | 1988 | $3.0M | 20 | - |
| Bisys Insurance Service Inc | - | $8.8M | 50 | - |
| Bankers Fidelity Life Insurance | 1955 | $49.5M | 75 | 5 |
| American Enterprise Mutual Holding Company | 1999 | $1.2B | 1,300 | - |
| Security Life Insurance Company Of America | - | $10.0M | 125 | - |
| AGIA | - | $310,000 | 5 | 10 |
UnitedHealthcare of Ohio Inc history FAQs
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UnitedHealthcare of Ohio Inc may also be known as or be related to UnitedHealthcare of Ohio Inc and Unitedhealthcare.