$10 Million Gift from UnitedHealth Group Will Fund Feasibility Studies and Development Activities for New Medical and Health Science Programs at UC Merced and UC Riverside.CYPRESS, Calif. -- Grants Target Campuses in Regions Facing Acute Shortages of Doctors and Nurses, and with Large Medically Underserved Populations UnitedHealth Group UnitedHealth Group Incorporated NYSE: UNH is a managed health care company. It is the parent of United Healthcare, one of the largest health insurers in the U.S. It was created in 1977, as UnitedHealthCare Corporation (it renamed itself in 1998), but traces its origin to a (NYSE NYSE See: New York Stock Exchange :UNH Unh The symbol for the element unnilhexium. ) announced it is providing funding to support the development of new medical and health science education programs through grants to the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). totaling $10 million. According to UnitedHealth Group Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. William W. McGuire William W. McGuire M.D. was the CEO of UnitedHealth Group Inc. from 1992 until 1 December 2006 (see section "Resignation" below). He attended the University of Texas-Austin and is a member of Lambda Chi Alpha Fraternity. , M.D., the charitable contributions are earmarked to support steps toward the creation of programs at UC Riverside and UC Merced because they serve regions identified in a recent University of California study as being medically underserved and subject to significant future shortages of health care professionals. "UnitedHealth Group is committed to expanding access to health care, and part of that commitment includes fostering new educational opportunities to make certain we have the doctors, nurses and other health care professionals required to meet the growing needs of an aging and diverse population," said Dr. McGuire. University of California President Robert C. Dynes Dr. Robert C. Dynes (born November 8, 1942 in London, Ontario, Canada), Ph.D, is the president of the University of California system. He is also a professor of physics at the University of California, Berkeley. noted that UnitedHealth Group's contribution comes at a time of continued state budget constraints as well as growing enrollments in the UC system. "UnitedHealth Group's generous contribution will fill a great need for us in continuing to meet our commitment to our future students and to the communities served by UC Merced and UC Riverside in the San Joaquin Valley Noun 1. San Joaquin Valley - a vast valley in central California known for its rich farmland Calif., California, Golden State, CA - a state in the western United States on the Pacific; the 3rd largest state; known for earthquakes and Inland Empire, respectively," said Dynes. A 2005 study commissioned by UC, "Health Science Education, Workforce Needs and Enrollment Planning," identified the need to create additional health care education programs in California. It identified the Southern Central Valley and the Inland Empire as areas particularly subject to future health care work force shortages and medically underserved populations. The contributions totaling $10 million over a three-year period will be divided equally between UC Riverside and UC Merced for feasibility studies and other activities necessary to establish medical and health science education programs at the two campuses, including building educational capacity by hiring teaching and support staff needed to establish research, course work and classes for future programs. About UnitedHealth Group UnitedHealth Group is a diversified health and well-being company dedicated to making health care work better. Headquartered in Minneapolis, Minn., UnitedHealth Group offers a broad spectrum of products and services through six operating businesses: UnitedHealthcare, Ovations, AmeriChoice, Uniprise, Specialized Care Services and Ingenix. Through its family of businesses, UnitedHealth Group serves approximately 70 million individuals nationwide. |
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