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Stocks...</description><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">BIOGEN IDEC INC</newstex:index_entry_company><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">FOREST LABORATORIES INC</newstex:index_entry_company><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">UNITEDHEALTH GROUP INC</newstex:index_entry_company><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">BIIB</newstex:index_entry_ticker><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">FRX</newstex:index_entry_ticker><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">UNH</newstex:index_entry_ticker><category>News</category><alacra:ip>Newstex</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-UNH_Revenue_Growth_Despite_Membership_Decline-90078</link><cs:docid xmlns:cs="http://www.alacra.com/cs">90078</cs:docid><guid isPermaLink="false">cs/90078</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">UnitedHealth posted fairly solid 3Q09 results despite a difficult environment. Despite gains in government sponsored business, the weak economy and corresponding high unemployment levels dragged down med membership 2.5% YoY and 0.5% sequen.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">nbajaj</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">smcgarvey</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">unitedhealth</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">unitedhealth</cs:companyFocus><cs:csid xmlns:cs="http://www.alacra.com/cs">90078</cs:csid><pubDate>21 Oct 2009 03:08:24 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">90078</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">united_states</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">consumer</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">health_care_providers_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">healthcare_pharma</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">life_insurance</cs:sector><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">consumer</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">health_care_providers_services</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">healthcare_pharma</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">insurance</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">life_insurance</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">earnings</cs:tag><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">earnings</cs:tagMention><title>UNH: Revenue Growth Despite Membership Decline</title><cs:type xmlns:cs="http://www.alacra.com/cs">EarningsNote</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Earnings Note</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">805</cs:wcnum><description> UNH: Revenue Growth Despite Membership Decline UnitedHealth posted fairly solid #Q## results despite a difficult environment. Strong cash flow, lower costs, a lower tax rate and #% YoY revenue improvementÂ to $##.# billion were the highlights....</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2434950</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2434950</ccbn:docid><guid isPermaLink="false">ccbn/T2434950</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>20 Oct 2009 11:06:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2434950</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of UNH earnings conference call or presentation, 20-Oct-09 8:45am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">UnitedHealth Group Inc.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">UnitedHealth Group Inc. Q3 2009 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">UNH</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:45am ET</ccbn:time><title>UnitedHealth Group Inc. Q3 2009 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Stephen Hemsley UnitedHealth Group, Inc. - President &amp; CEO Jackie Kosecoff UnitedHealth Group, Inc. - CEO, Ovations Pharmacy Solutions Tom Paul UnitedHealth Group, Inc. - COO Gail Boudreaux UnitedHealth Group, Inc. - EVP &amp; President, UnitedHealthcare Larry Renfro UnitedHealth Group, Inc. - EVP &amp; CEO, Ovations Mike Mikan UnitedHealth Group, Inc. - EVP &amp; CFO Simon Stevens UnitedHealth Group, Inc. - EVP &amp; President, Global Health Dawn Owens UnitedHealth Group, Inc. - CEO, OptumHealth...

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xmlns:newstex="http://www.alacra.com/newstex">UNH</newstex:index_entry_ticker><category>News</category><alacra:ip>Newstex</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2400842</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2400842</ccbn:docid><guid isPermaLink="false">ccbn/T2400842</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>15 Sep 2009 10:04:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2400842</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of UNH presentation, 15-Sep-09 8:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">UnitedHealth Group Inc.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">UnitedHealth Group Inc. at Morgan Stanley Global Healthcare Conference Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">UNH</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>UnitedHealth Group Inc. at Morgan Stanley Global Healthcare Conference Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Unidentified Participant Well, thank you, everyone. We are going to go ahead and get started. Welcome to day two of the conference. We are pleased to have Mike and John and [Cory] from UNH and just to get the disclosures out of the way. Please note that all important disclosures, including my personal holdings and Morgan Stanley disclosures appear on the Morgan Stanley website at MorganStanley.com. And with that, I'll turn it over to Mike for some opening comments. Mike Mikan - UnitedHealth Group Inc. - EVP &amp; CFO Good morning, everyone. Thanks, Doug and our thanks to Morgan Stanley for the opportunity to come here this morning to speak to you about our business. I know all of you have questions for us and we'll get to those very shortly, but first I'd like to provide some context upfront on our performance and the environment in which we operate that informs our answers to your questions. I will include some forward-looking statements, which are subject to risks and uncertainties. Our filings...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><title>Systems Technology Institute acquires PhilamCare Health Systems Inc from UnitedHealth Group Inc (pending)</title><description>PHILIPPINES - Systems Technology Institute Inc agreed to acquire PhilamCare Health Systems Inc, a Manila- based owner and operator of health maintenance organizations, and a joint venture between UnitedHealth Group Inc and Philippine American Life &amp; General Insurance Co {Philam Life}, a unit of US state-owned United States Department of the Treasury's American International Group {AIG} subsidiary. Terms were not disclosed. Concurrently, Philippines First Insurance Co Inc agreed to acquire Philam Plans Inc.</description><pubDate>08 Sep 2009 08:18:43 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">87343V</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">71744A</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">87343V</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">91324P</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Systems Technology Institute Inc</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">PhilamCare Health Systems Inc</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Systems Technology Institute Inc</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">UnitedHealth Group Inc</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Systems_Technology_Institute_acquires_PhilamCare_Health_Systems_Inc_from_UnitedHealth_Group_Inc-2105641040</link><guid isPermaLink="false">sdc/2105641040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2105641040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Educational Services</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Philippines</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Data processing schools</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>8243</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Private</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value sdc:p="0">8243:Data processing schools</sdc:value><sdc:value sdc:p="1">8244:Business and secretarial schools</sdc:value><sdc:value sdc:p="2">8249:Vocational schools, nec</sdc:value><sdc:value sdc:p="3">8299:Schools and educational services, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">8243:Data processing schools</sdc:value><sdc:value sdc:p="1">8244:Business and secretarial schools</sdc:value><sdc:value sdc:p="2">8249:Vocational schools, nec</sdc:value><sdc:value sdc:p="3">8299:Schools and educational services, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Insurance</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Philippines</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Hospital and medical service plans</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>6324</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Joint Venture</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>670957001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Own,op schools</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Own,op HMO</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Unspecified</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>788173002</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Sep 8 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Systems Technology Institute</sdc:value><sdc:value sdc:p="1">Inc, headquartered in Makati,</sdc:value><sdc:value sdc:p="2">owns and operates schools. It</sdc:value><sdc:value sdc:p="3">has more than 100 campuses</sdc:value><sdc:value sdc:p="4">here and abroad. Its programs</sdc:value><sdc:value sdc:p="5">include courses in Information</sdc:value><sdc:value sdc:p="6">and Communications Technology</sdc:value><sdc:value sdc:p="7">(ICT), Engineering,</sdc:value><sdc:value sdc:p="8">Healthcare, Business &amp;</sdc:value><sdc:value sdc:p="9">Management, Hotel and</sdc:value><sdc:value sdc:p="10">Restaurant Management, and</sdc:value><sdc:value sdc:p="11">Education. The company was</sdc:value><sdc:value sdc:p="12">founded in 1983.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Systems Technology Institute Inc, headquartered in Makati,</sdc:value><sdc:value sdc:p="1">owns and operates schools. It has more than 100 campuses</sdc:value><sdc:value sdc:p="2">here and abroad. Its programs include courses in Information</sdc:value><sdc:value sdc:p="3">and Communications Technology (ICT), Engineering,</sdc:value><sdc:value sdc:p="4">Healthcare, Business &amp; Management, Hotel and Restaurant</sdc:value><sdc:value sdc:p="5">Management, and Education. The company was founded in 1983.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Systems Technology Institute Inc, headquartered in Makati, owns and operates schools. It has more than 100 campuses here and abroad. Its programs include courses in Information and Communications Technology (ICT), Engineering, Healthcare, Business &amp; Management, Hotel and Restaurant Management, and Education. The company was founded in 1983.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">PhilamCare Health Systems Inc,</sdc:value><sdc:value sdc:p="1">headquartered in Manila, is an</sdc:value><sdc:value sdc:p="2">owner and operator of health</sdc:value><sdc:value sdc:p="3">maintenance organization</sdc:value><sdc:value sdc:p="4">(HMO).</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">PhilamCare Health Systems Inc, headquartered in Manila, is</sdc:value><sdc:value sdc:p="1">an owner and operator of health maintenance organization</sdc:value><sdc:value sdc:p="2">(HMO).</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>PhilamCare Health Systems Inc, headquartered in Manila, is an owner and operator of health maintenance organization (HMO).</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>04 Sep 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Fri, 04 Sep 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 09/04/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Acq. of 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value><sdc:value sdc:p="18">19.00000</sdc:value><sdc:value sdc:p="19">20.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">PHILIPPINES - Systems</sdc:value><sdc:value sdc:p="1">Technology Institute Inc</sdc:value><sdc:value sdc:p="2">agreed to acquire PhilamCare</sdc:value><sdc:value sdc:p="3">Health Systems Inc, a Manila-</sdc:value><sdc:value sdc:p="4">based owner and operator of</sdc:value><sdc:value sdc:p="5">health maintenance</sdc:value><sdc:value sdc:p="6">organizations, and a joint</sdc:value><sdc:value sdc:p="7">venture between UnitedHealth</sdc:value><sdc:value sdc:p="8">Group Inc and Philippine</sdc:value><sdc:value sdc:p="9">American Life &amp; General</sdc:value><sdc:value sdc:p="10">Insurance Co {Philam Life}, a</sdc:value><sdc:value sdc:p="11">unit of US state-owned United</sdc:value><sdc:value sdc:p="12">States Department of the</sdc:value><sdc:value sdc:p="13">Treasury's American</sdc:value><sdc:value sdc:p="14">International Group {AIG}</sdc:value><sdc:value sdc:p="15">subsidiary. Terms were not</sdc:value><sdc:value sdc:p="16">disclosed. Concurrently,</sdc:value><sdc:value sdc:p="17">Philippines First Insurance</sdc:value><sdc:value sdc:p="18">Co Inc agreed to acquire</sdc:value><sdc:value sdc:p="19">Philam Plans Inc.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>PHILIPPINES - Systems Technology Institute Inc agreed to acquire PhilamCare Health Systems Inc, a Manila- based owner and operator of health maintenance organizations, and a joint venture between UnitedHealth Group Inc and Philippine American Life &amp; General Insurance Co {Philam Life}, a unit of US state-owned United States Department of the Treasury's American International Group {AIG} subsidiary. Terms were not disclosed. Concurrently, Philippines First Insurance Co Inc agreed to acquire Philam Plans Inc.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">PHILIPPINES - Systems Technology Institute Inc agreed to acquire PhilamCare Health Systems</sdc:value><sdc:value sdc:p="1">Inc, a Manila- based owner and operator of health maintenance organizations, and a joint</sdc:value><sdc:value sdc:p="2">venture between UnitedHealth Group Inc and Philippine American Life &amp; General Insurance Co</sdc:value><sdc:value sdc:p="3">{Philam Life}, a unit of US state-owned United States Department of the Treasury's</sdc:value><sdc:value sdc:p="4">American International Group {AIG} subsidiary. Terms were not disclosed. Concurrently,</sdc:value><sdc:value sdc:p="5">Philippines First Insurance Co Inc agreed to acquire Philam Plans Inc.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">PHILIPPINES - Systems Technology Institute Inc agreed to acquire PhilamCare Health Systems Inc, a Manila- based owner and operator of health maintenance organizations, and a joint venture between</sdc:value><sdc:value sdc:p="1">UnitedHealth Group Inc and Philippine American Life &amp; General Insurance Co {Philam Life}, a unit of US state-owned United States Department of the Treasury's American International Group {AIG}</sdc:value><sdc:value sdc:p="2">subsidiary. Terms were not disclosed. Concurrently, Philippines First Insurance Co Inc agreed to acquire Philam Plans Inc.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">PHILIPPINES - Systems Technology Institute Inc agreed to acquire PhilamCare Health Systems Inc, a Manila- based owner and operator of</sdc:value><sdc:value sdc:p="1">health maintenance organizations, and a joint venture between UnitedHealth Group Inc and Philippine American Life &amp; General Insurance Co</sdc:value><sdc:value sdc:p="2">{Philam Life}, a unit of US state-owned United States Department of the Treasury's American International Group {AIG} subsidiary. Terms</sdc:value><sdc:value sdc:p="3">were not disclosed. Concurrently, Philippines First Insurance Co Inc agreed to acquire Philam Plans Inc.</sdc:value></sdc:n_synopsis5><sdc:p_MANAGER_LONG2><sdc:value>Deutsche Bank AG</sdc:value></sdc:p_MANAGER_LONG2><sdc:p_SEQ><sdc:value>1.00000</sdc:value></sdc:p_SEQ><sdc:p_TTOTFEENEG><sdc:value>0.00000</sdc:value></sdc:p_TTOTFEENEG><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">6324:Hospital and medical service plans</sdc:value><sdc:value sdc:p="1">8011:Offices and clinics of doctors of medicine</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>670957001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Philippines</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>8243</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">6324:Hospital and medical service plans</sdc:value><sdc:value sdc:p="1">6719:Offices of holding companies, nec</sdc:value><sdc:value sdc:p="2">8011:Offices and clinics of doctors of medicine</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>6237003</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>New York</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>United 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Research</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-UNH_Outlook_Raised_Despite_Pressured_Enrollment-86663</link><cs:docid xmlns:cs="http://www.alacra.com/cs">86663</cs:docid><guid isPermaLink="false">cs/86663</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">UnitedHealth started the earnings season off with positive results. Strong cash flow, lower costs, a lower tax rate and YoY improvement in revenues were the highlights. These were however offset somewhat by decline in membership.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">nbajaj</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">unitedhealth</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">86663</cs:csid><pubDate>21 Jul 2009 11:10:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">86663</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">healthcare_pharma</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">health_care_providers_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">consumer</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">life_insurance</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">earnings</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><title>UNH: Outlook Raised Despite Pressured Enrollment</title><description> UNH: Outlook Raised Despite Pressured Enrollment Strong cash flow, lower costs, a lower tax rate and YoY improvement in revenues were the highlights of the earnings release.Â  
The weak economy however pressured membership, dragging...</description><cs:type xmlns:cs="http://www.alacra.com/cs">EarningsNote</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Earnings Note</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">719</cs:wcnum><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PBC_118740</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PBC_118740</moodys:docid><guid isPermaLink="false">moodys/PBC_118740</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:index_mode><pubDate>21 Jul 2009 04:18:16 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">UnitedHealth Group Incorporated</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">UnitedHealth Group Incorporated</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600040449</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">300.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">20 Jul 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">Analysis</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Analysis</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>UnitedHealth Group Incorporated</title><description>...Moody's A# insurance financial strength (IFS) rating of UnitedHealthcare Insurance Company (UHIC) and Baa# senior unsecured debt rating for UnitedHealth Group Incorporated (UnitedHealth, NYSE: UNH) are based primarily on the company's strong business profile driven by its national presence and brand name, large membership base, and its broad diverse product offerings. The rating is also supported by a solid financial profile characterized by consistent earnings performance, and strong interest coverage from both regulated and unregulated operations, offset to a degree by its moderate financial leverage and significant amount of goodwill and intangibles from numerous acquisitions over the past five years. Group Overview...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2291654</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2291654</ccbn:docid><guid isPermaLink="false">ccbn/T2291654</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>21 Jul 2009 01:07:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2291654</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of UNH earnings conference call or presentation, 21-Jul-09 8:45am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">UnitedHealth Group Inc.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">UnitedHealth Group Inc. Q2 2009 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">UNH</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:45am ET</ccbn:time><title>UnitedHealth Group Inc. Q2 2009 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Stephen Hemsley UnitedHealth Group - President, CEO Larry Renfro UnitedHealth Group - EVP, CEO of Ovations Gail Boudreaux UnitedHealth Group - EVP, President of UnitedHealthcare Mike Mikan UnitedHealth Group - CFO Rick Jelinek UnitedHealth Group - EVP, CEO of AmeriChoice John Penshorn UnitedHealth Group - SVP Dave Wichmann UnitedHealth Group - EVP, President of Operations Tony Welters UnitedHealth Group - EVP Jack Larsen UnitedHealth Group - SVP Ovations Shared Services Simon Stevens UnitedHealth Group - EVP Dan Schumacher UnitedHealth Group - CFO UnitedHealthcare C O N F E R E N C E C A L L P A R T I C I P A N T S...

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