According to the latest reports by the Wall Street Journal, the insurance giant is one of the companies that is aiming to acquire Tenet’s Conifer unit. There are no details on the other potential suitors. However, there is no certainty that the deal between UnitedHealth and Tenet will be consummated. If it does, Conifer would be a part of UnitedHealth’s fastest growing business Optum.
Related: UnitedHealth Group reports Q2 earnings above estimates
This week, UnitedHealth Group reported its Q2 earnings that topped analyst estimates. It posted a 12% growth in its revenues to $56.1 billion, generating profits of $2.98 per share. Adjusted EPS totaled $3.14 for the quarter. Both GAAP and adjusted EPS grew 28% year-over-year. Despite the strong results, the company’s stock is trading in the red. As of today, the company’s share price is down 0.95% to $252.96.
UnitedHealth Group Q2 Infographic
