Second-round, binding bids for UnitedHealth’s South American healthcare provider and insurer Banmédica are due soon, according to two sources familiar with the situation. One of the sources said binding bids were collected on 22 August. A Chilean investor is among those who have submitted bids, this source added. Minnetonka, Minnesota-based UnitedHealth has been very vocal about its preference for bids encompassing the whole of Banmédica, which operates in Chile and Colombia, rather than offers for country-specific assets, according to the two sources and a third source familiar. And yet, it is expected that UnitedHealth will receive a mix of bids for the whole business and for country-specific assets, the first two sources said.
Read the full article: UnitedHealth-Owned Banmédica Sale Advances to Second Round //
Source: https://ionanalytics.com/insights/mergermarket/unitedhealth-owned-banmedica-sale-advances-to-second-round/