Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
UnitedHealth Group has bought another South American company. Photo: Michael Nagle / Bloomberg via Getty
UnitedHealth Group is acquiring Empresas Banmédica, a company that runs medical clinics and sells health insurance in Chile, Colombia and Peru, for $2.8 billion. UnitedHealth already has a presence in South America — it bought Amil Participações, a large provider and health insurer in Brazil, in 2013.
Why it matters: UnitedHealth has become one of the largest companies in the U.S. by growing its insurance and data services businesses, and acquiring providers. But the conglomerate has had its eyes on privatized international health care markets for a long time. In 2016, Larry Renfro, the head of UnitedHealth's Optum companies, said health care data services could be a "$1 trillion global marketplace."