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UNITEDHEALTH GROUP

(UNH)
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UnitedHealth : Provides Additional Support to Help Fight COVID-19 in India

05/05/2021 | 10:03am EDT

$1 million contribution from United Health Foundation will fund more than 2,500 oxygen concentrators to address urgent need for essential medical equipment

Support builds on company’s more than $100 million investments in fighting COVID-19 and supporting impacted communities, including $1.5 million to India in 2020

UnitedHealth Group (NYSE: UNH), through the United Health Foundation, is donating $1 million (₹7.4 crores) in response to the growing coronavirus crisis in India, which is experiencing an unprecedented public health emergency with record-breaking surges in COVID-19 cases and deaths. This donation extends the company’s global commitment to fighting COVID-19, including a previous donation of $1.5 million (₹11 crores) to India.

The contribution will fund the procurement of 2,500 oxygen concentrators to help address India’s nationwide shortage of oxygen as well as other critical medical equipment essential for treating severe COVID-19 infections. The grant will be made through the US-India Strategic Partnership Forum and its affiliate foundation, the US-India Friendship Alliance. The oxygen concentrators will be delivered to Nitiaayog, the Government of India’s planning arm, to ensure they are deployed to state hospitals where the need is significant.

“Since the onset of COVID-19, UnitedHealth Group has been committed to combating the pandemic’s impact on the communities where we live and work, while providing resources and support to ensure the safety and well-being of our team members,” said Laura Ciavola, President of Optum Global Advantage, a UnitedHealth Group business. “This additional contribution will provide much needed relief with core medical equipment and supplies to help India’s health care professionals combat the devastating impact of COVID-19.”

In addition to the monetary contribution, UnitedHealth Group’s relief efforts in India have helped:

  • Deploy health and safety kits and COVID-19 testing supplies;
  • Support for Optum team members based in Bangalore, Chennai, Gurugram, Hyderabad, Mumbai and Noida;
  • Expand access to telehealth so that our teammates can receive more immediate and convenient medical consultation.

The contribution is the latest effort in UnitedHealth Group’s more than $100 million commitment to fighting COVID-19 and supporting impacted communities worldwide. The company’s earlier $1.5 million contribution to India provided urgent assistance to the country’s most impacted communities, including health care workers, hard-hit and underserved citizens, seniors, and people experiencing homelessness and food insecurity, as well as government labs experiencing a shortage of equipment.

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 2021
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Sales 2021 282 B - -
Net income 2021 16 864 M - -
Net Debt 2021 25 564 M - -
P/E ratio 2021 22,4x
Yield 2021 1,33%
Capitalization 373 B 373 B -
EV / Sales 2021 1,42x
EV / Sales 2022 1,29x
Nbr of Employees 330 000
Free-Float 99,4%
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Andrew Philip Witty Chief Executive Officer & Director
Dirk C. McMahon President & Chief Operating Officer
John Franklin Rex Chief Financial Officer & Executive Vice President
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Richard J. Migliori Chief Medical Officer & EVP-Medical Affairs
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