01:24 PM EST, 12/01/2025 (MT Newswires) -- Health care stocks declined Monday afternoon, with the NYSE Health Care Index decreasing 0.7% and the Health Care Select Sector SPDR Fund (XLV) falling 1%.

The iShares Biotechnology ETF (IBB) dropped 1.8%.

In corporate news, UnitedHealth ( UNH ) has reached an agreement to sell its South American business Banmedica to private equity firm Patria Investments for $1 billion, Reuters reported Sunday. UnitedHealth ( UNH ) shares were down 1%.