Berkshire Hathaway from Warren Buffett acquired five million actions from the United Health Group, According to a regulatory document on Thursday. The Medical Care Company granted up to US $ 1.6 billion in participation.
Buffett billionaire investor had around 1.18 million actions in Unitedhealth between 2006 and 2009, before selling all its participation in 2010, in the midst of a broader withdrawal of health insurers.
The investment occurs at a time when UnitedHealth faces growing medical costs, federal investigations, the consequences of the murder of a senior executive and a cyber attack last year.
The medical care conglomerate has given signs of prolonged pain with a new much lower gains prognosissince it sees billions of dollars in additional costs in the next quarters. The actions of the Dow component have fallen 46% so far this year.
