UnitedHealth: towards sale of Brazilian operations

(CercleFinance.com) - UnitedHealth Group says it has reached an agreement to sell its operations in Brazil to a private investor, a transaction expected to be finalized in the first half of 2024, subject to regulatory and other conditions.


The insurance and healthcare services group expects to recognize a charge of around seven billion dollars (excluded from adjusted earnings) at that time, most of which will be non-cash and related to the cumulative impact of foreign exchange losses.

The 2024 net income outlook on a reported basis will be affected by this expected charge, but UnitedHealth confirms its adjusted earnings outlook presented at its November 29 investor meeting.

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