Back to UNH
UnitedHealth Military & Veterans Services Statement on the TRICARE South Region Contract Protest

The U.S. Government Accountability Office (GAO) today announced it has sustained a protest of the Department of Defense TRICARE South Region Managed Care Support contract award to UnitedHealth Military & Veterans Services. Based on procurement protocol, the Department of Defense will review the recommendations issued by GAO and decide how to proceed with the procurement.

“UnitedHealth Military & Veterans Services made a very strong proposal to the Department of Defense. We stand ready to support the health care needs of our nation’s service members, retirees and their families. We will continue to participate in the process as the Department of Defense determines how to implement GAO’s recommendations,” said Lori C. McDougal, CEO of UnitedHealth Military & Veterans Services.

On July 13, 2009, the U.S. Department of Defense awarded UnitedHealth Military & Veterans Services the TRICARE South Region Managed Care Support contract. The incumbent, Humana Military Healthcare Services protested the contract award on July 22, 2009.

About UnitedHealth Military & Veterans Services

UnitedHealth Military & Veterans Services (UMVS) is a UnitedHealth Group business. UMVS is headquartered in Minneapolis. The TRICARE South Region Managed Care Support contract covers 3 million active-duty and retired members of the uniformed services and their families in 11 states.

About UnitedHealth Group

UnitedHealth Group (NYSE: UNH) is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, OptumHealth, Ingenix, and Prescription Solutions. Through its family of businesses, UnitedHealth Group serves approximately 70 million individuals nationwide.

Forward-Looking Statements

This press release may contain statements, estimates, projections, guidance or outlook that constitute “forward-looking” statements as defined under U.S. federal securities laws. Generally the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “will” and similar expressions, identify forward-looking statements, which generally are not historical in nature. These statements may contain information about financial prospects, economic conditions, trends and uncertainties and involve risks and uncertainties. We caution that actual results could differ materially from those that management expects, depending on the outcome of certain factors including the duration of the contract, service needs, the level of enrollment in the program and our performance relative to contract standards.

(c) 2009 Business Wire, Inc., All rights reserved. All of the news releases and other content contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. Any copying or reproduction (other than for an individual user's personal reference), redistribution, reposting or other transmission or communication is expressly prohibited without prior written permission of Business Wire, Inc
Back to UNH
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki