M&A Deal Summary

UnitedHealth Acquires Oxford Health Plans

On April 26, 2004, UnitedHealth acquired insurance company Oxford Health Plans for 4.9B USD

Acquisition Highlights
  • This is UnitedHealth’s 3rd transaction in the Insurance sector.
  • This is UnitedHealth’s 3rd largest (disclosed) transaction.
  • This is UnitedHealth’s 4th transaction in the United States.
  • This is UnitedHealth’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2004-04-26
Target Oxford Health Plans
Sector Insurance
Buyer(s) UnitedHealth
Deal Type Add-on Acquisition
Deal Value 4.9B USD

Target

Oxford Health Plans

Trumbull, Connecticut, United States
Oxford Health Plans, Inc. provides health plans to employers and individuals primarily in New York, New Jersey and Connecticut, through its direct sales force, independent insurance agents and brokers. Oxford's commercial insured products and services include traditional health maintenance organizations, preferred and exclusive provider organizations, point-of-service plans and consumer-directed health plans. The Company also offers Medicare plans and third-party administration of employer-funded benefits plans.

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Buyer(S) 1

Buyer

UnitedHealth

Minnetonka, Minnesota, United States
Category Company
Founded 1974
Sector Healthcare Services
Employees440,000
Revenue 371.6B USD (2023)
DESCRIPTION
UnitedHealth Group's corporate headquarters in Minnetonka, Minnesota.
UnitedHealth Group's corporate headquarters in Minnetonka, Minnesota.

UnitedHealth is a diversified healthcare company. With a suite of health benefits and services, the company serves millions of individuals, employers, and government organizations. UnitedHealth operates through two primary businesses: UnitedHealthcare, which offers a range of health insurance plans and services, and Optum, which provides healthcare solutions focused on improving healthcare delivery, affordability, and outcomes. Through its network of healthcare providers, advanced analytics, and technology-driven solutions, UnitedHealth looks to make healthcare more accessible, efficient, and patient-centered, ultimately transforming the way healthcare is delivered and experienced. UnitedHealth was formed in 1974 and is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 4 of 16
Sector (Insurance) 3 of 7
Type (Add-on Acquisition) 4 of 12
State (Connecticut) 1 of 1
Country (United States) 4 of 14
Year (2004) 2 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-10 Mid Atlantic Medical Services

Rockville, Maryland, United States

Mid Atlantic Medical Services, Inc. (MAMSI) is a regional managed care company. Our health plans cover about 1.8 million lives and offer a choice of products, a commitment to customer service and an emphasis on quality improvement. We offer several web based services to members, employers, and physicians, practitioners and facilities.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-10 Definity Health

St. Louis Park, Minnesota, United States

Definity Health, founded in 1999, is a provider in consumer-driven health benefit programs.

Buy $300M
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