UnitedHealth CFO Discusses Restructuring of Florida-Based Operations
UnitedHealth Group (UNH) is continuing its broader strategy to restructure parts of its business, as highlighted by CFO Wayne DeVeydt in a recent interview. The company sold an interest in some of its Florida-based Optum Health operations to private equity firm TPG on September 9, 2026. This move reflects UnitedHealth's focus on optimizing capital allocation and improving operational efficiency within the healthcare sector. The decision comes after significant challenges at Optum Health due to rising costs and restrictive Medicare Advantage payment policies that led to negative operating margins last year. The company has since reshuffled leadership, including replacing CEO Andrew Witty with Stephen Hemsley and bringing in DeVeydt as CFO. UnitedHealth is now serving fewer value-based care patients while focusing on higher-quality integrated care relationships. According to DeVeydt, Optum Health's margins have improved from deeply negative figures to approximately 2% in 2026, with projections of reaching 4% by 2027 and 6% by 2028. The partnership with TPG is seen as a strategic move that allows UnitedHealth to leverage the private equity firm's expertise in local operations.
Tickers: $UNH
Topics: Healthcare Optum Health Private Equity Deal UnitedHealth Group