UnitedHealth and CVS, the unexpected Goliath vs. Goliath battle – Star Tribune
Twenty years ago, Apple made computers and iPods and Google had a search engine and a few extra services.
But Apple’s fast success with the iPhone in 2007 made executives at both companies realize that mobile devices were the future of computing. Google bought a smartphone operating system and the companies have competed ever since, becoming the poles around which all other tech firms orbit.
Today, UnitedHealth Group, Minnesota’s largest company, and CVS Health are vying to become the iOS and Android of American health care.
The analogy isn’t perfect, of course. Though constantly consolidating, it’s not certain the health care industry will become as polarized as tech. Minnetonka-based UnitedHealth still competes with hundreds of companies in insurance, data and financial services, pharmaceutical benefits and clinics.
With nearly 10,000 retail stores, CVS is seen by investors to be more closely battling Walgreens Boots Alliance. Though CVS and UnitedHealth are nearly equal in…
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