UnitedHealth shares hit 52-week high as acquisitions propel investor confidence

Shares of Minnetonka, Minn.-based UnitedHealth Group reached a 52-week high of $200.8 Sept. 13, according to a Nasdaq report.

The performance likely reflects UnitedHealth's plans to acquire Chilean insurance and clinic operator Banmedica SA and Washington, D.C.-based The Advisory Board's healthcare division.

The deals reflect UnitedHealth's diversification from its core health insurance business, which is highly regulated, to less regulated health service lines, Nasdaq reports.  

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