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Fitch Ratings
Fitch Upgrades Sierra Health Services IDR to 'A' Following Acquisition by UnitedHealth
March 15th, 2008
Sierra Health Services, Inc. (NYSE: SIE) and its primary insurance subsidiaries have been upgraded following the close of its acquisition by UnitedHealth Group (NYSE: UNH). The acquisition was announced in March 2007 and is valued at $2.6 billion. The Rating Outlook is Stable. As a condition of approval with the U.S. Department of Justice, UNH will divest its individual Medicare Advantage HMO plans in Clark and Nye Counties, Nevada, which represent approximately 25,000 members. UNH is a national leader in the U.S. health insurance and managed care sector, offering a variety of health and wellness products and services. The company's strong franchise...
Source: Law & Health Weekly (2008-03-15)
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