UnitedHealth agrees to sell South American business to private equity firm Patria for $1 billion, sources say
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UnitedHealth Group has agreed to sell its last South American business, Banmedica, to Brazilian private equity firm Patria Investments for $1 billion. This move is part of UnitedHealth's strategy to exit Latin America, having previously sold its businesses in Brazil and Peru. The sale, expected to be announced soon, aligns with CEO Stephen Hemsley's efforts to refocus the company and return to growth by 2026.
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