UnitedHealth Sells Interest in Florida-Based Clinics to TPG
UnitedHealth Group has sold its interest in WellMed Clinics to private equity firm TPG. The deal marks another step in UnitedHealth's efforts to divest non-core assets and focus on its core business. No financial terms of the sale were disclosed.
The sale is part of a larger trend in the healthcare sector, where companies are shedding non-core businesses to concentrate on more profitable areas.