News Headlines Article

UnitedHealth again looks to fast-growing businesses in 3Q
San Francisco Chronicle

UnitedHealth Group’s third-quarter profit slipped, but the nation’s largest health insurer still beat Wall Street expectations due partly to fast growth in pharmacy benefits management and other areas outside its core business. Revenue from the Minneapolis company’s Optum unit, which runs prescription drug coverage, jumped 61 percent to $19.3 billion after UnitedHealth bought Catamaran, a pharmacy benefits manager, in a deal valued at more than $12 billion. Health insurance is the company’s primary business, but it has been relying more on Optum for growth.