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UnitedHealth Raises FY12 EPS Outlook Following XLHealth Acquisition

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

UnitedHealth Group, Inc. (UNH) said Thursday that its UnitedHealthcare unit has completed its acquisition of XLHealth Corp., a sponsor of Medicare Advantage health plans with a primary focus on Medicare recipients with special needs, such as those with chronic illness and those eligible for Medicaid.

UnitedHealthcare and XLHealth signed an acquisition agreement in November.

Including XLHealth's 117,000 Medicare beneficiaries, UnitedHealthcare Medicare & Retirement serves about 2.5 million Medicare Advantage plan members nationally.

The acquisition is expected to add about $2 billion to UnitedHealth Group's 2012 revenues and $0.05 to net earnings per share, after integration expenses and investments to expand XLHealth's scale and provide its services to chronically ill beneficiaries currently served by UnitedHealthcare Medicare & Retirement.

Including XLHealth, UnitedHealth Group now projects net earnings of $4.60 to $4.80 per share, compared to its prior outlook of $4.55 to $4.75 per share.

Analysts polled by Thomson Reuters currently expect the company to earn $4.79 per share for the full year 2012.

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