UnitedHealth Group Inc's unit UnitedHealthcare said it agreed to acquire privately held XLHealth Corp for an undisclosed amount to expand its Medicare Advantage business.UnitedHealthcare expects the deal to close during the first half of 2012, and to add to its earnings.XLHealth, which currently serves about 113,000 Medicare Advantage plans members, sees 2012 revenue exceeding $2 billion.
UnitedHealth Group Incorporated is a diversified health and well-being company. Shares of UNH remained unchanged at $44.44. In the past year, the shares have traded as low as $33.94 and as high as $53.50. On average, 7929910 shares of UNH exchange hands on a given day and today's volume is recorded at 0.
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