UnitedHealth agrees to sell South American business to private equity firm Patria for $1 billion, sources say

Core Insights - UnitedHealth Group has agreed to sell its last South American business, Banmedica, to Brazilian private equity group Patria Investments for $1 billion [1] Company Summary - The sale of Banmedica marks the exit of UnitedHealth Group from the South American market, indicating a strategic shift in its business operations [1] - The transaction is valued at $1 billion, reflecting the company's efforts to streamline its portfolio and focus on core markets [1] Industry Summary - The involvement of Patria Investments highlights the growing interest of private equity firms in the healthcare sector in South America [1] - This transaction may signal further consolidation in the healthcare industry within the region as companies seek to optimize their operations and investments [1]