UNITEDHEALTH GROUP INC acquired Oxford Health Plans, Inc. for 0.6357 UnitedHealth shares plus $16.17 cash per Oxford share (about 54.7 million shares and $1.4 billion cash), a transaction announced in April 2004, structured as combination. The deal was a Merger.
Oxford Health Plans, Inc. operates in UnitedHealthcare, is based in Trumbull, Connecticut, USA (NY/NJ/CT tri-state). Oxford Health Plans was a Delaware-incorporated health benefits company concentrated in the tri-state New York/New Jersey/Connecticut region. It merged into a wholly owned subsidiary of UnitedHealth Group.
Strengthening UnitedHealth Group's presence in the Northeast tri-state market through Oxford's regional franchise and provider relationships.
Established, profitable regional health plan in the dense Northeast market. Expected accretion at an annual rate of about $0.16 per share, excluding first-year operational synergies of at least $80-$100 million. UnitedHealthcare
Advisory firms were not disclosed for this transaction.