Today, UnitedHealthcare signed a definitive agreement to acquire Health Net of the Northeast's licensed subsidiaries and obtain rights to renew membership in Connecticut, New York and New Jersey. This is a compelling opportunity for UnitedHealthcare to grow in the Northeast and, once the transaction is closed, we will begin introducing Health Net's members in this region to UnitedHealthcare and all that we have to offer.

For Health Net's Northeast customers and members, UnitedHealthcare broadens choice and access to quality care with one of the largest local and national networks, robust clinical programs and a full range of affordable products. The transaction, which is subject to regulatory approvals and other closing conditions, is expected to close within twelve months.

Health Net Health Care Professionals in the Northeast

As part of this agreement, UnitedHealthcare will hold Health Net's care provider network contracts in the Northeast and assume responsibility for contracting. UnitedHealthcare and Health Net will work together so that members and health care professionals have full continuity of their coverage or payments during the time that the Health Net benefit policies remain in force under the existing Health Net contracts. Once is the transaction is closed, we will reach out to you directly. Our relationship with you is of paramount importance. We will keep you posted on any important developments as we move through this process.

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