UnitedHealth Reports 3Q Revenues Up, Earnings Flat At $1.6B
The health insurer beat expectations due in part to growth in its pharmacy benefits management business, spurred by a recent purchase of Catamaran.
The Wall Street Journal:
UnitedHealth Revenue Surges, But Bottom Line Flat
UnitedHealth Group Inc. said its revenue soared 27% in its third quarter, as the health insurer continues to grow its health-services business and add members in its insurance operations. ... UnitedHealth, which kicks off earnings reports for health insurers, is also being helped by its acquisition of pharmacy-benefit manager Catamaran Corp., which closed in July. UnitedHealth is the largest health insurer by revenue. (Dulaney, 10/15)
The Associated Press:
UnitedHealth Again Looks To Fast-Growing Businesses In 3Q
UnitedHealth Group’s third-quarter profit slipped, but the nation’s largest health insurer still beat Wall Street expectations due in part to prescription drug management and its other fast-growing businesses. (10/15)