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UnitedHealth rides on Optum strength to beat profit estimates By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO. The UnitedHealth Group’s corporate logo appears at the side of a Santa Ana office building in California. April 13, 2020. REUTERS/Mike Blake

(Reuters] – UnitedHealth Group Inc. (NYSE:), beat analysts’ expectations for third-quarter profits on Thursday. The increase in revenue generated by its Optum unit, which administers drugs benefits, was a major contributor to the company’s improvement in profitability.

It is America’s largest health insurance company and offers data analysis services for healthcare through the fast-growing Optum division.

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