UnitedHealth Group (NYSE: UNH) has entered into a definitive agreement with WellCare Health Plans, Inc. to sell its Medicaid health plan in South Carolina. The sale will divest all of UnitedHealthcare’s Medicaid managed care operations in South Carolina, including the transfer of 65,000 Medicaid members to WellCare Health Plans. The agreement, which is expected to close by the end of 2012, is subject to the receipt of certain regulatory approvals and standard closing conditions.
The companies expect that service to Medicaid members will continue uninterrupted during the transition.
UnitedHealthcare will continue to serve more than 255,000 members enrolled in commercial health plans as well as more than 75,000 beneficiaries enrolled in Medicare programs and services in South Carolina.
About UnitedHealth Group
UnitedHealth Group (NYSE: UNH) is a diversified health and well-being company dedicated to helping people live healthier lives and making health care work better. With headquarters in Minnetonka, Minn., 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. Through its businesses, UnitedHealth Group serves more than 75 million people worldwide. For more information, visit UnitedHealth Group at www.unitedhealthgroup.com.