UnitedHealth Group has agreed to sell its South American business Banmedica to a Brazilian private equity group, two sources with knowledge of the matter said.
UnitedHealth Group
has agreed to sell its last South American business Banmedica to Brazilian private equity group Patria Investments
for $1 billion, two sources with knowledge of the matter said on Sunday.
The final agreement was signed on Saturday and an announcement is expected on Monday, the sources added, asking for anonymity to disclose private talks.
UnitedHealth has been trying to exit Latin America since 2022 and had previously sold its businesses in Brazil and Peru.
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