UnitedHealth Agrees to Buy Mid Atlantic
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From Associated Press
Managed-care giant UnitedHealth Group Inc. agreed to buy Mid Atlantic Medical Services Inc. in a $2.95-billion deal that would give the combined company a leading position in the mid-Atlantic region.
Shares of Rockville, Md.-based Mid Atlantic rose $5.74, or 11%, to $59.62 on the NYSE, where shares of Minnetonka, Minn.-based UnitedHealth fell $1.85, or 3.4%, to $52.40.
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