MINNETONKA, Minn. (AP) — UnitedHealth Group Inc. plans to buy Medicare Advantage plan provider XL Health Corp., becoming the latest health insurer to expand its presence in a market expected to grow rapidly due to aging baby boomers.
Terms of the deal were not disclosed.
UnitedHealth, based in Minnetonka, Minn., said Tuesday that XL Health serves 113,000 Medicare Advantage customers in six states. The Baltimore-based company will add six more states next year, when it estimates that its revenues will exceed $2 billion.
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