UnitedHealth Shares Drop 3% After TPG Acquires Stake in Florida WellMed Clinics
UnitedHealth Group (UNH) shares fell by 3%, trading at $388.58, following news that the company sold a stake in part of its Florida-based WellMed primary-care clinics to private equity firm TPG. The transaction is described as a growth partnership rather than a capital raise and does not involve disclosed financial terms. CFO Wayne DeVeydt emphasized the move aims to enhance local focus and accelerate clinic expansion, while reaffirming 2026 guidance for adjusted EPS between $19.50 and $20.00 and operating cash flow of around $24 billion. The healthcare sector ETF (XLV) dropped only slightly by 0.4%, with peers like Eli Lilly (ELV) and Humana (HUM) remaining stable, indicating the selloff is specific to UnitedHealth rather than a broader industry trend. The WellMed clinics are part of Optum Health, which has faced challenges in value-based care but shows signs of improvement, including expected margin growth from 2% this year to 4% next year.
Topics: financial guidance TPG acquisition UnitedHealth WellMed clinics