UnitedHealth’s Evolution From Traditional Insurer Into Multifaceted Business Pays Off


The UnitedHealth Group Inc.'s campus in Minnetonka, Minn.

UnitedHealth Group hikes outlook after quarterly profit easily beats estimates

Strong first quarter, new growth opportunity have the health insurer hiking its yearly outlook.

After chalking up another quarter of better-than-expected profits, UnitedHealth Group officials on Tuesday described the potential for growth through a new venture fund the company is using to invest in innovative health care startups.

Minnetonka-based UnitedHealth first described the venture fund to investors in November and announced in March that Larry Renfro, the chief executive of the company’s Optum division, would lead the effort.

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