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UnitedHealth Group Inc. is in negotiations to acquire Chilean health care company Banmédica in a deal that could be worth more than $3 billion.
In a statement, Minnetonka-based UnitedHealth confirmed it's in "non-binding exploratory" talks with Banmédica, which sells health insurance, operates hospitals and provides other services.
Banmédica told regulators last week it may sell the company for $3.47 per share, or $2.8 billion. Including the assumption of debt, the deal's total value would likely…