United Health Hires 150 in New York - Analyst Blog


In an effort to strengthen its presence in the state of New York, health insurer, UnitedHealth Group Inc. ( UNH ) announced its plans to recruit 150 employees in the region. These new appointments will be made at its Tonawanda operation center, located in the western part of New York.

The Tonawanda center was established in 2005. Via this facility, the company issues employer sponsored and individual health plans. Prior to this, UnitedHealth had already made 125 job appointments in New York back in 2011.  The facility's job count is expected to reach 700 by the end of 2012.

United Health has been on a hiring spree, and it made a number of job related announcements over the past three months. During July, the company announced that it is about to hire 115 new employees at its Chico operations in California.

This step was taken in order to fulfill the  commitments it made to create jobs under the "100,000 Jobs Mission" program. Moreover in June, UnitedHealth announced its strategy to recruit approximately 1500 employees in the state of Texas. The appointments were made at Harlingen, San Antonio, Irving and Sugar Land.  

The company is likely to make more job additions in the near term. It is working hard on its goal of employing more than 4000 people in New York by the end of 2012.

UnitedHealth has a significant presence in New York with a network of more than 230 hospitals and 43,500 physicians and care professionals throughout the state.

The state has become an attractive destination for businesses that are looking to expand. The State Government has made a lot of improvements in the business climate of the region, such as spending cut, lowering taxes as well as made it favorable for sustainable business growth.

Other insurers having presence in New York includes Aetna Inc. ( AET ), CIGNA Corp. ( CI ), among others.  

UnitedHealth currently retains a Zacks #2 Rank, which translates into a short-term Buy rating.  We are, however, maintaining our long-term Neutral recommendation on its shares.

AETNA INC-NEW (AET): Free Stock Analysis Report
CIGNA CORP (CI): Free Stock Analysis Report
UNITEDHEALTH GP (UNH): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: AET , CI , UNH



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