UnitedHealth has sold an interest in its Optum Health operations in Florida to private equity firm TPG, as the health conglomerate works to recover from a collapse in profits last year. CFO Wayne DeVeydt told Bloomberg News that the partnership with TPG will allow the business to grow more quickly while UnitedHealth focuses on a broader turnaround. The company is reorienting after disappointing profit results driven by failures in its Optum Health division, which runs medical clinics, and has replaced its CEO and other leaders. DeVeydt said Optum Health margins will be around 2% this year, higher than previously expected, and should rise to about 4% in 2027 and 6% the following year. UnitedHealth stock has risen 21% year-to-date.
UnitedHealth Group IncorporatedUnitedHealth sells stake to TPG, improving margins and focusing on turnaround.
TPG IncTPG acquires stake in Optum Florida, expanding its healthcare investment portfolio.
