About Business
UnitedHealth Group is an American multinational health insurance company headquartered in Minnetonka, Minnesota, United States. It sells insurance under the UnitedHealthcare brand and provides health care services and facilities under the Optum brand. UnitedHealth Group was founded 47 years ago, in 1977, by Richard T. Burke. In the present time, it has become the eleventh largest company by revenue. The UnitedHealth Group ranked 10th on the 2023 Fortune Global 500. On August 7, 2023, its market capitalization was $477.4 billion. Furthermore, UnitedHealthcare began its first pharmacy benefit management and provided delivery services through retail pharmacies and direct mail. Moreover, the company was renamed the UnitedHealth Group in 1998 when it acquired different companies and services.