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UNH » Topics » Purchase of AmeriChoice Shares

This excerpt taken from the UNH DEF 14A filed Apr 28, 2008.

Purchase of AmeriChoice Shares

Pursuant to terms of an agreement made in September 2002 when we acquired AmeriChoice Corporation, a subsidiary of the Company (“AmeriChoice”), in September and October 2007, we purchased the remaining of 6.5% interest in AmeriChoice that we did not own from certain minority stockholders of AmeriChoice, including Anthony Welters, an executive officer of the Company, and his affiliates, for an aggregate purchase price of approximately $43.9 million (of which, we paid Mr. Welters and his affiliates an aggregate of approximately $16.8 million for the approximately 2.5% interest in AmeriChoice we purchased from them). As a result of this purchase, AmeriChoice is now a wholly owned subsidiary of the Company.

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