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UnitedHealth Agrees $1bn Sale of Banmedica to Patria Investments

UnitedHealth Group has agreed to sell its remaining South American business, Banmédica, to Brazilian private equity firm Patria Investments in a deal valued at around $1bn, according to a report by Reuters citing two people familiar with the matter. The final agreement was reportedly signed on Saturday, with an announcement expected on Monday. The transaction marks UnitedHealth’s full exit from Latin America, following earlier divestments in Bra…

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There will be a seller and a buyer, but in the future, when the operation sealed on Saturday afternoon is perfected and materialized, the Banmédica holding company will have two owners. That is the design of the business in the minds of the future owners of the health conglomerate with presence in Chile and Colombia, the Brazilian group Patria Investments, controller since 2021 of Currency Asset Management, the manager who controlled until then …

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Clínicas del Country, La Colina and Colmédica change ownership after sale of Banmédica in Brazilian... Mar, 02/12/2025 - 07:43 UnitedHealth Group agreed to transfer its operations in Chile and Colombia to Patria Investments.

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Private Equity Wire broke the news in on Monday, December 1, 2025.
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