UnitedHealth Group Set to Buy Chile’s Banmedica



UnitedHealth Group Inc. aims to expand in South America and starts the year right with a $2.8 Billion agreement to buy Chilean healthcare company, Banmedica SA.


This move will strengthen UnitedHealth Group’s position in South America through Banmedica’s network of health insurance, clinics and other services.


Evercore ISI analysts said in a note from Reuters:


“We view international as a selective supplement to UNH’s growth, while the primary growth driver and M&A focus will be building out the vertical integration strategy with Optum (UnitedHealth’s unit) in the U.S.,”



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