UnitedHealth invests in Colombian healthcare entitiesJune 26, 2019, by - LATIN LAWYER
UnitedHealth deal draws Chilean and Colombian firms
26 June 2019
US healthcare provider UnitedHealth has hired Brigard Urrutia in Bogotá and Carey in Santiago to buy full control of three Colombian healthcare entities.
Some of the sellers turned to Colombian firm Leal Angarita, while others enlisted counterpart Salazar Abogados. The deal closed on 12 June.
The transaction hands UnitedHealth the remaining stake, some 50%, in Clínica del Country, Administradora Country and Administradora Clínica La Colina. No value for the deal was disclosed.
The buyer already owned the other 50% stake in the entities through Chilean private health insurer Banmédica, which it bought in 2018 for US$2.7 billion. Brigard Urrutia and Carey advised on that deal too. It marked UnitedHealth’s entry into the Chilean, Colombian and Peruvian markets.
Counsel to UnitedHealth
In-house counsel - Kelsey Girard and Dustin Thompson
Partner Jaime Robledo and associates Luis Miguel Centanaro and Elisa Escobar in Bogotá
Partners Cristian Eyzaguirre and Francisco Guzman, and associate Sergio Mesías in Santiago
Counsel to the sellers of Clínica del Country, Administradora Country and Administradora Clínica La Colina
Partner Patricia Velez in Bogotá
Partner Juan Carlos Salazar in Bogotá