UnitedHealth Group has reached an agreement to divest its South American unit Banmedica to private equity group Patria Investments for $1bn (CI$831.99m), reported Reuters, citing sources. UnitedHealth began its efforts to exit Latin America in 2022, having already divested its operations in Brazil and Peru. Discussions regarding the sale of Banmedica have taken place over nearly one year. Banmedica operates in Colombia and Chile. By June, after its withdrawal from Peru, Banmedica reported 1.7 million h ...