UnitedHealth sells stake in Florida WellMed clinics to TPG

UnitedHealth Group Inc. has sold a stake in its Florida WellMed clinics, part of its Optum Health operations, to private equity firm TPG Inc. Announced on September 9, 2026, the deal aims to accelerate growth in Florida while UnitedHealth executes a broader turnaround following a 2025 profit collapse. Chief Financial Officer Wayne DeVeydt noted that UnitedHealth did not need capital but sought local focus and collaboration. The transaction could serve as a playbook for other markets like Texas.

WellMed Florida stake sale

• ▪UnitedHealth Group Inc. sold an interest in some of its Optum Health operations in Florida, specifically its WellMed clinics, to private equity company TPG Inc.
• ▪The transaction involving UnitedHealth Group Inc. and TPG Inc. regarding Florida WellMed clinics was announced on September 9, 2026

TPG partnership structure

• ▪UnitedHealth Group Inc. Chief Financial Officer Wayne DeVeydt stated that the partnership with TPG Inc. allows the business to grow faster than if UnitedHealth ran it alone
• ▪UnitedHealth Group Inc. partnered with TPG Inc. to accelerate the growth of its Florida WellMed business

Optum profit collapse

• ▪UnitedHealth Group Inc. is executing a broader corporate turnaround to recover from its 2025 profit collapse
• ▪UnitedHealth Group Inc. experienced a collapse in corporate profits in 2025

Local focus strategy

• ▪UnitedHealth Group Inc. sought a local partner to provide focus and direct collaboration in the Florida market
• ▪UnitedHealth Group Inc. possessed sufficient capital to invest in its operations and did not require funding from TPG Inc.

Texas market expansion potential

• ▪The partnership between Optum Health and TPG Inc. could create new investment openings for sponsors interested in primary care
• ▪The deal between Optum Health and TPG Inc. for WellMed Florida clinics offers a potential playbook for other provider markets, such as Texas

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