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Health insurance giant UnitedHealth to buy Amherst, N.Y.-based firm.
Byline: Jonathan D. Epstein
Nov. 30--The nation's biggest health insurer said Monday that it would pay $300 million in cash to buy Definity Health Corp., the leading provider of consumer-driven health plans, whose base of operations is in Amherst.
The move by Minneapolis-based UnitedHealth Group is not expected to affect Definity's business in the Buffalo area, where the company currently employs 320. Hiring and expansion plans for a new facility are still in progress, and officials believe the acquisition by the deep-pocketed UnitedHealth will lead to further growth.
Definity is building a new 60,000-square-foot operations center in Tonawanda's Colvin Woods Business Park, with room for another 30,000 square feet of space. Officials still expect to move…
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Source: HighBeam Research, Health insurance giant UnitedHealth to buy Amherst, N.Y.-based firm.
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