Fitch boosts Sierra Health

Fitch Ratings said that Sierra Health Services, Inc. and its primary insurance subsidiaries have been upgraded following the close of its acquisition by UnitedHealth Group.

The agency said that the acquisition was announced in March 2007 and is valued at $2.6 billion.

The outlook is stable.

Fitch noted that UnitedHealth's strong franchise is supported by well-established competitive positions across customer segments and in a number of major markets, adding that it has upgraded Sierra Health's issuer default rating to A from BBB and senior debt to A- from BBB- as well as Health Plan of Nevada, Inc.'s insurer financial strength to AA- from A-.

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