Jul 27, 2015

COMPANY NEWS; UNITEDHEALTH AGREES TO ACQUIRE AMERICHOICE Published: June 19, 2002 The UnitedHealth Group said yesterday that it had agreed to acquire AmeriChoice, a privately held Medicaid services provider, for $530 million in stock. UnitedHealth said that it would also assume $30 million in AmeriChoice debt. AmeriChoice, based in Vienna, Va., provides Medicaid services to low-income Americans in New York, New Jersey and Pennsylvania. UnitedHealth is a diversified health care company based in Minnetonka, Minn. Once the deal is complete, UnitedHealth and AmeriChoice plan to combine their Medicaid services businesses under the name AmeriChoice. It will be led by Anthony Welters, the chief executive of AmeriChoice. Shares of UnitedHealth climbed $1.39 yesterday, to close at $95.39.