UnitedHealth Unwinds Last South America Asset In $1 Billion Banmedica Sale

UnitedHealth Group (NYSE:UNH) has reportedly reached a $1 billion agreement to sell its remaining South American operation, Banmedica, to Brazilian private equity firm Patria Investments.The move reflects the company's broader push to streamline operations and support its ongoing turnaround efforts under CEO Stephen Hemsley.Citing people familiar with the negotiations, Reuters noted that the deal was signed on Saturday. A formal announcement is expected on Monday.UnitedHealth began unwinding its Latin American footprint in 2022, a process that has included the sale of operations in Brazil and Peru.Banmedica, which UnitedHealth co-owned for years, operates in Chile and Colombia. As of June, the business covered 1.7 million health insurance plan members and managed a network ...Full story available on Benzinga.comWeiter zum vollständigen Artikel bei Benzinga Weiter zum vollständigen Artikel bei Benzinga