Sierra Health Services shareholders OK merger with UnitedHealth

By Lisa Kerner

Charlotte, N.C., June 27 - Sierra Health Services, Inc. shareholders overwhelmingly approved the company's $43.50-per-share acquisition by UnitedHealth Group. More than 99% of the votes cast were if favor of the deal, valued at $2.6 million.

The transaction is expected to close by the end of 2007 at the latest, according to a company news release. UnitedHealth and Sierra announced a definitive merger agreement on March 12.

Sierra is a Las Vegas provider of health benefits and services. UnitedHealth Group is a diversified health company located in Minneapolis.

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