AM Best Comments on Credit Ratings of UnitedHealth Group Incorporated and Its Subsidiaries Following Completion of Change Healthcare Inc. Acquisition
2022年10月5日 - 12:34AM
ビジネスワイヤ(英語)
AM Best has commented that the Credit Ratings (ratings)
of UnitedHealth Group Incorporated (UnitedHealth Group)
(Minnetonka, MN) [NYSE:UNH] and its insurance subsidiaries remain
unchanged following its completed acquisition of Change Healthcare
Inc. (Change Healthcare) (Nashville, TN) [NASDAQ:CHNG], a leading
health care technology company. The outlooks of these Credit
Ratings (ratings) remain stable.
The close of this transaction had been delayed following the
antitrust suit from the U.S. Department of Justice; however, the
U.S. federal judge cleared the way for the transaction to be
completed late in September. The close of the transaction was
announced on Oct. 3, 2022. The transaction is valued at
approximately $14 billion, and includes $5.3 billion debt of Change
Healthcare that UnitedHealth Group retired. UnitedHealth Group has
financed the transaction with cash on hand and short-term debt,
which likely is to be converted to long-term debt later in
fourth-quarter 2022.
Following the transaction, AM Best anticipates an increase in
financial leverage to above 40% and decline in interest coverage at
year-end 2022 and through 2023. However, UnitedHealth Group has
managed its financial leverage at 40% over the long term, and has
experienced temporary fluctuations following sizeable acquisitions.
AM Best anticipates that the group will continue to deploy
deleveraging actions to revert to the 40% range over the next 12
months, as it has done in the past. UnitedHealth Group also has a
high level of financial flexibility, supported by its large
commercial paper program, parent company cash and substantial
subsidiary dividend capacity, as well as a revolving credit
facility of $15 billion. Furthermore, UnitedHealth Group has
significant nonregulated operating earnings and cash flows from its
Optum operations, which include OptumRx, Optum Health and
OptumInsight.
This press release relates to Credit Ratings that have been
published on AM Best’s website. For all rating information relating
to the release and pertinent disclosures, including details of the
office responsible for issuing each of the individual ratings
referenced in this release, please see AM Best’s Recent
Rating Activity web page. For additional information
regarding the use and limitations of Credit Rating opinions, please
view Guide to Best's Credit Ratings. For information
on the proper use of Best’s Credit Ratings, Best’s Performance
Assessments, Best’s Preliminary Credit Assessments and AM Best
press releases, please view Guide to Proper Use of Best’s
Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and
data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2022 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221004005920/en/
Antonietta Iachetta Senior Financial Analyst +1 908 439 2200,
ext. 5792 antonietta.iachetta@ambest.com
Christopher Sharkey Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Doniella Pliss Director +1 908 439 2200, ext.
5104 doniella.pliss@ambest.com
Al Slavin Communications Specialist +1 908 439
2200, ext. 5098 al.slavin@ambest.com
UnitedHealth (NYSE:UNH)
過去 株価チャート
から 3 2024 まで 4 2024
UnitedHealth (NYSE:UNH)
過去 株価チャート
から 4 2023 まで 4 2024