January 18, 2017
Minnetonka, Minn.-based UnitedHealth Group posted $13.3 billion in full-year 2016 earnings from operations, a 20.5 percent increase from the same period last year.
The company recorded better-than-expected full-year revenues of $184.8 billion, a year-over-year increase of 17.6 percent. UnitedHealth attributed revenue growth to growing market demand for its product and service offerings.
UnitedHealth's Optum business — including OptumHealth, OptumInsight and OptumRx — saw full-year revenue grow 23.7 percent year-over-year to $83.6 billion. Optum and Deerfield, Ill.-based Surgical Care Affiliates announced merger plans earlier this year, with the transaction slated to close in the first half of 2017.
