United Health Group offers health care products and insurance services.
United Health Group is the largest healthcare company in the world by revenue 4 billion in 2016. Power and Associates gave United Healthcare the highest employer satisfaction rating for self-insured health plans.
United Health Group subsidiaries companies together serves approximately 115 million individuals in 2016. Beginning in 2011 and continuing into 2012, United Health Group implemented an enterprise reorganization.
This coincided with retiring brands adopted following the various acquisitions of previous years and adopting the unified brand United Healthcare.
In 1995, the company acquired The Metra Health Companies Inc. Metra Health was a privately held company formed by combining the group health care operations of The Travelers Insurance Company and Metropolitan Life Insurance Company also known as Met Life.In 1996, United Health Care acquired Health Wise of America, which operated HMOs in Arkansas, Maryland, Kentucky and Tennessee.Optum Bank started operating on July 21, 2003, in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation.Originally named Exante Bank, it changed its name to Optum Health Bank in 2008 and to Optum Bank in 2012.
Optum Bank is part of the financial services unit of Optum a health and wellness company serving more than 74 million people.Optum is part of the United Health Group family of companies.In July 2004, United Health Group acquired Oxford Health Plans and all of United Healthcare's New York-based small group contracts are now Oxford Health Plans products.In December 2005, the company received final regulatory approval for its .2 billion purchase of Pacifi Care Health Systems.