UnitedHealth Changes Optum Leadership
March 13 2018 - 9:06AM
Dow Jones News
By Austen Hufford
UnitedHealth Group Inc. (UNH) said the leader of Optum, its
health-services unit, is leaving that role to run its expanding
health-services venture capital arm.
The company said that Vice Chair Larry Renfro, who is also chief
executive of Optum, will lead the company's enterprise growth
efforts and Optum's investment initiatives.
Andrew Witty, who was chief executive of GlaxoSmithKline PLC
(GSK) until last year and is on UnitedHealth's board, will become
the new CEO of Optum.
UnitedHealth Group, which announced a $250 million venture fund
focused on investing in companies whose innovations will help
advance the health care system in November, announced an additional
$100 million Global Fund on Tuesday, focused on emerging and
advanced technology, data analytics and health care services
companies.
The Wall Street Journal reported recently that hospitals have
been increasingly reinventing themselves as venture capitalists and
investing in health-care technologies.
Write to Austen Hufford at Austen.Hufford@wsj.com
(END) Dow Jones Newswires
March 13, 2018 08:51 ET (12:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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