Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag UnitedHealth sells its South American unit Banmedica to Patria Investments for $1 billion, completing its exit from Latin America.

flag UnitedHealth Group has agreed to sell its South American unit Banmedica to Brazilian private equity firm Patria Investments for $1 billion, completing its exit from Latin America after a year of negotiations. flag The deal, finalized Saturday, includes operations in Colombia and Chile with 1.7 million members, seven hospitals, and 47 medical centers. flag The sale follows previous divestitures in Brazil and Peru, part of a broader retreat that led to an $8.3 billion loss, including $1.2 billion from Banmedica. flag The move supports CEO Stephen Hemsley’s turnaround strategy, aimed at restoring growth by 2026 and accelerating in 2027. flag UnitedHealth raised its annual profit forecast in October and plans to announce the deal Monday.

9 Articles