UnitedHealth Warns of Conflicts in Retirement-Health Bankruptcy

UnitedHealthcare Insurance Co. is pushing back on the Villages Health System LLC’s proposed sale, saying it’s concerned about potential conflicts of interest and the bankrupt retiree clinic provider’s alleged failure to seek higher bids.

Villages Health’s proposed sale of most of its assets to lead bidder Humana Inc.’s CenterWell Senior Primary Care (Vitality) Inc. unit for $50 million “has every possible flashing red light,” UnitedHealthcare said in an objection filed Monday in the US Bankruptcy Court for the Middle District of Florida.

The insurer called the sale timeline “aggressive,” questioned liability releases for insiders, and alleged a “suspicious” lack of ...