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Benzinga
Benzinga
Business
Vandana Singh

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

UnitedHealth South America UNH Brazil Stephen Hemsley
Jakarta,-,February,03,2023:,Unitedhealthcare,Sign,Seen,On,Billboard.,Unitedhealthcare

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.

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