Home | Business News | Browse by Publication | B | Business Wire

UnitedHealth Group to Complete Acquisition of Mid Atlantic Medical Services, Inc.

Publication: Business Wire
Publication Date: 10-FEB-04
Format: Online - approximately 876 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors/Health/Medical Writers

MINNEAPOLIS & ROCKVILLE, Md.--(BUSINESS WIRE)--Feb. 10, 2004

UnitedHealth Group (NYSE:UNH) announced today that it had received all necessary approvals for its division, UnitedHealthcare, to complete its merger with Mid Atlantic Medical Services, Inc. (NYSE:MME). Mid Atlantic Medical Services, Inc. (MAMSI) stockholders voted in favor of the transaction at their stockholder meeting earlier today, and the companies will complete their merger promptly at the close of business today.

Under the merger agreement, MAMSI stockholders will receive $18.00 in cash and 0.82 of a share of UnitedHealth Group common stock for each share of their MAMSI common stock.

"We look forward to combining the resources of our companies to advance health and well-being on behalf of employers, consumers and physicians in the mid Atlantic region," stated Dr. Mark Groban,...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Business Wire
Avnet Cilicon Develops Xilinx Spartan-3 Evaluation Kit Focused on High..., February 10, 2004
Rite Track To Attend Semicon China., February 10, 2004
O'Charley's to Broadcast Investor Presentation Live on The Internet., February 10, 2004
H&Q Healthcare Investors Declares Stock Dividend., February 10, 2004
Fabrinet Secures a Loan from the Bank of Nova Scotia., February 10, 2004

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.