UnitedHealth Projects 2019 Revenue to Exceed $243 Billion at Annual Investor Conference

VCBeat (WeChat: vcbeat) has learned from foreign media that UnitedHealth Group (hereinafter referred to as “UnitedHealth”), a well-known healthcare company headquartered in Minnesota, USA, will hold its annual investor conference in New York on the morning of November 27, 2018, Eastern Time. Attendees will include senior executives from UnitedHealth, analysts, and institutional investors. The conference will primarily focus on the company’s strategy, performance, and future outlook, including trend assessments and business reviews.

During the conference, the company will discuss its financial outlook. According to available information, UnitedHealth’s annual revenue for 2018 is projected to be approximately $226 billion, with net earnings per share nearing $12.10 and adjusted net earnings per share at around $12.80, consistent with the latest forecasts published in its third-quarter 2018 financial report. Adjusted net income excludes after-tax non-cash amortization expenses related to intangible assets associated with acquisitions.

Since 2015, the company’s revenue has grown by 44%, while its earnings per share have nearly doubled.

Image source: UnitedHealth official website

UnitedHealth will also release its 2019 growth outlook at the conference. The company expects its revenue for the next year to range between $243 billion and $245 billion, with net earnings per share of $13.70 to $14.00, and adjusted net earnings per share in the range of $14.40 to $14.70. UnitedHealth also projects that its operating cash flow for 2019 will increase from this year’s $17.3 billion to $17.8 billion, supporting its continued acquisition spree.

UnitedHealth will provide a more detailed discussion of its corporate development strategy and outlook at the investor conference scheduled for the morning of the 27th, and will live-stream the presentation and Q&A session. VCBeat will continue to closely follow the latest developments from the conference.

UnitedHealth, founded in 1974 and headquartered in Minnesota, USA, is a diversified healthcare company. The company went public on the New York Stock Exchange in 1984 under the ticker symbol NYSE: UNH. In 2017, it ranked among the world’s largest healthcare companies with total revenue of $201 billion. As of 2018, it was ranked fifth among the Fortune 500 companies in the United States by total revenue.

UnitedHealth’s primary business models include providing health benefit plans and services to large national employers, as well as offering managed care solutions for state Medicaid programs across the United States. Meanwhile, its international division delivers healthcare services to more than 100 million people worldwide, covering approximately over 100 countries.

According to the Associated Press report released in November, UnitedHealth’s stock began to surge after the Democratic Party won control of the U.S. House of Representatives, as investors believed this would provide some support and assurance for preserving the Affordable Care Act.

This year, UnitedHealth has embarked on an acquisition spree. Since April, it has acquired three healthcare entities, with the most recent being the $325 million purchase of U.S. specialty pharmacy Avella on October 16. According to media reports, the pharmacy generated approximately $1.4 billion in prescription drug revenue last year.

UnitedHealth, founded in 1974 and headquartered in Minnesota, USA, is a diversified healthcare company. The company was listed on the New York Stock Exchange in 1984 under the ticker symbol NYSE: UNH.