Health insurer UnitedHealthcare will acquire XLHealth Corp., a Medicare Advantage company that serves roughly 113,000 people, according to a joint news release.
Terms of the deal were not disclosed, and the all-cash transaction is expected to close during the first half of 2012, pending regulatory approvals.
XLHealth, which estimates its 2012 revenue will top $2 billion, has Medicare Advantage members in six states and will expand its business to six more states in 2012, according to the news release.
Terms of the deal were not disclosed, and the all-cash transaction is expected to close during the first half of 2012, pending regulatory approvals.
XLHealth, which estimates its 2012 revenue will top $2 billion, has Medicare Advantage members in six states and will expand its business to six more states in 2012, according to the news release.
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