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MarketScreener Homepage  >  Equities  >  Nyse  >  UnitedHealth Group    UNH

UNITEDHEALTH GROUP

(UNH)
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UnitedHealth Group : Commits Initial $50 Million to Combat COVID-19 and Support Affected Communities

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03/26/2020 | 01:01pm EDT

  • Initial investment will assist those most directly impacted, including health care workers, seniors, and people experiencing food insecurity and homelessness
  • Funding will also aid hard-hit states, including New York, New Jersey, Washington, California, Florida and other states as the virus spreads across America
  • UnitedHealth Group, UnitedHealthcare and Optum continue to mobilize resources, expertise and workforce to address COVID-19 crisis

UnitedHealth Group (NYSE: UNH) will invest an initial $50 million to fight the COVID-19 pandemic and support those most directly impacted by the public health emergency, including health care workers, hard-hit states, seniors and people experiencing food insecurity or homelessness.

“As this unprecedented public health emergency rapidly evolves, we must take bold actions to support those in need and combat the COVID-19 virus,” said Dave Wichmann, chief executive officer of UnitedHealth Group. “This initial investment of $50 million will support that effort, as we continue to mobilize the full strength of our resources, deep clinical expertise, and compassionate team to deliver the best care for patients, support our members and care providers, and deliver innovative solutions that will benefit the entire health care system.”

Through several national and local partnerships that will be announced in the coming weeks, UnitedHealth Group and the United Health Foundation will invest approximately:

  • $30 million in efforts to protect and support health care workers.
  • $10 million to support states where COVID-19 is having an outsized impact, starting with New York, New Jersey, Washington, California and Florida.
  • $5 million to address social isolation among seniors.
  • $5 million to provide care and support for people experiencing food insecurity or homelessness.

UnitedHealth Group is also organizing and matching employee donations dollar for dollar to support the COVID-19 response efforts.

“We are partnering with leading industry and non-profit organizations to ensure resources are deployed quickly and effectively to accelerate the efforts to fight COVID-19 and provide support for those most impacted by this global health crisis,” Wichmann continued.

About UnitedHealth Group

UnitedHealth Group (NYSE: UNH) is a diversified health care company dedicated to helping people live healthier lives and helping to make the health system work better for everyone. UnitedHealth Group offers a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. For more information, visit UnitedHealth Group at www.unitedhealthgroup.com or follow @UnitedHealthGrp on Twitter.


© Business Wire 2020
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Financials (USD)
Sales 2020 259 B
EBIT 2020 21 763 M
Net income 2020 14 701 M
Debt 2020 20 189 M
Yield 2020 1,58%
P/E ratio 2020 18,9x
P/E ratio 2021 16,6x
EV / Sales2020 1,14x
EV / Sales2021 1,05x
Capitalization 275 B
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Mean consensus BUY
Number of Analysts 26
Average target price 326,65 $
Last Close Price 289,94 $
Spread / Highest target 28,0%
Spread / Average Target 12,7%
Spread / Lowest Target -2,39%
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Managers
NameTitle
David Scott Wichmann Chief Executive Officer & Director
Andrew Philip Witty Group President
Stephen J. Hemsley Chairman
John Franklin Rex Chief Financial Officer & Executive Vice President
Richard J. Migliori Chief Medical Officer & EVP-Medical Affairs
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