UnitedHealth Group (UNH) has entered into an agreement to sell a minority interest in its Florida WellMed clinics to TPG. The deal involves the sale of a stake in WellMed Management Company, which operates primary care clinics in Florida.
WellMed is a UnitedHealth subsidiary focused on providing primary care services. The Florida clinics are a key part of the company's footprint in the state. The financial terms of the transaction were not disclosed in the provided text.
UnitedHealth Group will retain a majority interest in WellMed following the sale. The transaction is expected to close in the first quarter of 2026. This move aligns with UnitedHealth's strategy of focusing on its core operations while partnering with private equity firms to support growth in specific segments.
The deal highlights the continued interest of private equity firms in the healthcare sector, specifically in primary care and managed care services. WellMed has been a successful unit for UnitedHealth, expanding its reach in the Florida market.
