UnitedHealth Slips 3% as TPG Buys Into Florida WellMed Clinics Ahead of Guidance Reaffirmation

UnitedHealth Slips 3% as TPG Buys Into Florida WellMed Clinics Ahead of Guidance Reaffirmation

UnitedHealth Group (NYSE:UNH) stock is down 3% to $388.58 in early Wednesday trading after Bloomberg reported the company sold an interest in part of its Florida WellMed primary-care clinics. The 3% slide comes even as UnitedHealth stock is still up 15% year to date, and it lands hours before management is set to reaffirm full-year […]

Optum Sells Interest in Florida WellMed Clinics

This Optum WellMed TPG Florida clinics deal comes as UnitedHealth opens roughly 15 clinics yearly in the state.

UnitedHealth sells WellMed to TPG: what it means for UNH stock

UnitedHealth (UNH) stock is inching lower after the healthcare giant confirmed the sale of a partial stake in its Optum Health Florida primary-care clinic network, including WellMed operations, to private equity firm TPG. The transaction allows UNH to bring in strategic growth capital while maintaining an equity interest in the regional clinic footprint. Note that UnitedHealth shares have been nothing short of a blockbuster investment in recent …

TPG takes stake in UnitedHealth’s Florida WellMed clinics

TPG has acquired a stake in part of UnitedHealth Group’s Optum Health operations in Florida, partnering with the healthcare group as it seeks to accelerate growth across its WellMed clinic network, according to a report by Bloomberg.