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UnitedHealth Sells Last South American Business for $1 Billion

12/1/2025

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Summary

Story summary

UnitedHealth Group has agreed to sell its last South American business, Banmedica, to Patria Investments for $1 billion.
The agreement was finalized on Saturday, with an announcement expected on Monday.
UnitedHealth has been exiting Latin America since 2022, after selling operations in Brazil and Peru.
Banmedica serves 1.7 million health insurance members and operates seven hospitals and 47 medical centers in Colombia and Chile.
The sale is part of CEO Stephen Hemsley's efforts to regain investor trust after a challenging period that included significant losses and management changes.

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Story summary

UnitedHealth Group has agreed to sell its last South American business, Banmedica, to Patria Investments for $1 billion.
The agreement was finalized on Saturday, with an announcement expected on Monday.
UnitedHealth has been exiting Latin America since 2022, after selling operations in Brazil and Peru.
Banmedica serves 1.7 million health insurance members and operates seven hospitals and 47 medical centers in Colombia and Chile.
The sale is part of CEO Stephen Hemsley's efforts to regain investor trust after a challenging period that included significant losses and management changes.