M&A Deal Summary

UnitedHealth Acquires PacifiCare Health Systems

On July 6, 2005, UnitedHealth acquired insurance company PacifiCare Health Systems for 8.1B USD

Acquisition Highlights
  • This is UnitedHealth’s 5th transaction in the Insurance sector.
  • This is UnitedHealth’s largest (disclosed) transaction.
  • This is UnitedHealth’s 6th transaction in the United States.
  • This is UnitedHealth’s 1st transaction in California.

M&A Deal Summary
Date 2005-07-06
Target PacifiCare Health Systems
Sector Insurance
Buyer(s) UnitedHealth
Deal Type Add-on Acquisition
Deal Value 8.1B USD
Advisor(s) Morgan Stanley (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

PacifiCare Health Systems

Cypress, California, United States
PacifiCare Health Systems is one of the US's largest consumer health organizations with nearly 3.2 million health plan members and approximately 11.3 million specialty plan members nationwide. PacifiCare offers individuals, employers and Medicare beneficiaries a variety of consumer-driven health care and life insurance products. Specialty plan operations include behavioral health, dental and vision, and complete pharmacy benefit management through its wholly owned subsidiary, Prescription Solutions.

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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 6 of 16
Sector (Insurance) 5 of 7
Type (Add-on Acquisition) 6 of 12
State (California) 1 of 2
Country (United States) 6 of 14
Year (2005) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-12 Sierra Health Services

Las Vegas, Nevada, United States

Sierra Health Services, Inc. is a diversified healthcare company. Sierra provides and administers the delivery of managed care benefit plans for employers, government programs and individuals. Sierra defines managed healthcare as quality care delivered in an organized and cost-effective manner, requiring providers, insurers and members to work together.

Buy $2.6B
Mergr

Product

Company

Legal