UnitedHealth Sells South American Business

Benzinga

UnitedHealth is selling Banmedica, its final South American unit, to Patria Investments for $1 billion as it completes its exit from the region. The divestiture supports CEO Stephen Hemsley’s turnaround strategy after an $8.3 billion loss tied to prior Latin American exits. UnitedHealth now aims for renewed growth starting in 2026.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02UnitedHealth agreed to sell its last South American business,

00:05BandMedica, to paternity investments for $1 billion, according to Reuters.

00:09UnitedHealth has been exiting Latin America since 2022.

00:12BandMedica operates in Colombia and Chile, with 1.7 million health plan members,

00:17seven hospitals, and 47 medical centers.

00:20The exit removes a distraction from CEO Stephen Helmsley's turnaround plan

00:23as the company raises its profit forecast in October

00:25and gains for growth in 2026 and faster growth in 2027.

00:30UnitedHealth recorded an $8.3 billion loss last year

00:32tied to its Latin American divestitures.

00:35For all things money, visit Benzinga.com.

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