U.S. private equity firm TPG is close to acquiring UnitedHealth’s Optum UK business for between 1.2 billion pounds and 1.4 billion pounds, as reported by Sky News. Optum UK provides electronic patient record systems to most of Britain’s general practitioners. TPG may combine Optum UK with Nextech, a U.S.-based electronic medical record software provider also owned by the PE firm. Bank of America is advising on the sale process. The UK unit was last acquired by Optum about two years ago when they bought EMIS for 1.24 billion pounds.

Read more at Yahoo Finance: TPG in talks to buy UnitedHealth’s Optum UK unit, Sky News reports