We are pleased to announce that the purchase of Student Resources, a stand-alone operating division of The MEGA Life and Health Insurance Company (a wholly-owned subsidiary of HealthMarkets, Inc.), by UnitedHealth Group is complete.
This transaction will further the efforts of both Student Resources and UnitedHealth Group to make a broad range of health care services more affordable, more accessible and easier to use for the student insurance market.
Student Resources offers health insurance programs that provide single, school-year coverage to individual students at colleges and universities. Student Resources also provides accident policies for students at public and private schools in pre-kindergarten through grade twelve.
“This is an exciting day for our organization.” said Bill Truxal, President of Student Resources. “This transaction expands and enhances opportunities for our clients by bringing UnitedHealth Group’s national network, consumer product innovations, superior technology applications and business services to the student market.”
“The combination of Student Resources and United’s Student Health Plans will benefit our collective clients with the best capabilities from each organization,” said Ken Burdick, President, Lines of Business, UnitedHealthcare. “Affordability, quality, ease of use and access to care are the core tenets of our business. In addition to our national network of 4,600 hospitals and over 500,000 physicians and other healthcare professionals, we will also be able to provide our schools and their students with additional tools and services ranging from Internet access to disease management to wellness coaches.”
Student Resources’ customers will experience continuity of benefits and services; there will be no immediate changes in process, structure, products or pricing. As we begin the process of combining the two organizations, our goal is to blend the best of both businesses to make a broad range of health care services more available and affordable for students.
About UnitedHealth Group
UnitedHealth Group (www.unitedhealthgroup.com) is a diversified Fortune50 company headquartered in Minneapolis, Minn., that provides a broad spectrum of resources and services to help people achieve improved health and well-being through all stages of life. The company designs products, services and technologies that help facilitate access to health resources, offer access to diverse and fully qualified physicians and other health care providers, simplify the health care experience, and promote safe and fact-based medicine. UnitedHealth Group offers products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, Uniprise, Specialized Care Services and Ingenix. Through its family of businesses, UnitedHealth Group serves more than 70 million individuals nationwide.