Health
UnitedHealth to Take $7 Billion Charge for Brazil Unit Sale
- Entrepreneur Seripieri Filho reaches deal to buy the business
- Insurance giant reaffirms forecast for 2024 adjusted earnings
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UnitedHealth Group Inc., the biggest US health insurer, said it will take a charge of about $7 billion for the sale of its operations in Brazil to a private investor.
UnitedHealth agreed to sell the unit to Brazilian entrepreneur Jose Seripieri Filho, the company said Friday in an email. The deal’s size wasn’t specified, but another bidder, Nelson Tanure, valued the unit at 2.5 billion to 3 billion reais ($509 million to $610 million), Bloomberg reported earlier, citing people familiar with the matter.