US Stock Market Move | UnitedHealth Group Incorporated (UNH.US) fell nearly 5% in early trading on reports that a portion of its Optum Health business equity will be sold to TPG.

On Wednesday, UnitedHealth Group Incorporated (UNH.US) fell nearly 5% in early trading, marking its largest intraday drop since January 27, and is currently reported at $383.54. According to reports, UnitedHealth Group Incorporated has sold part of its business interests in Optum Health in Florida to private equity firm TPG. Last year, UnitedHealth Group Incorporated experienced a significant decline in profitability and negative profit margins in this sector due to rising healthcare costs and changes in federal payment policies, prompting the company to restructure its Optum Health operations. The reports indicate that this partnership includes the WellMed clinics under Optum, which primarily provide medical services to elderly patients. UnitedHealth Group Incorporated opens about 15 clinics each year in Florida, and this collaboration will enable the business to invest and expand more rapidly.