UnitedHealth Group to Acquire 90% of Brazil's Largest Healthcare Company

UnitedHealth Group, the largest health insurer in the United States by both revenue and enrollment, announced it will acquire a 90 percent stake of Amil Participações, the largest healthcare company in Brazil.

UnitedHealth officials said they will pay roughly $4.9 billion in cash for 90 percent of Amil's outstanding common shares, which will be offset by $600 million in tax benefits, making the total purchase worth $4.3 billion.

Amil is the largest healthcare company in Brazil, similar to the Kaiser Permanente network based in Oakland, Calif. Amil owns 22 hospitals and provides health benefits to roughly 5 million Brazilians in one of the largest provider networks in the country.

UnitedHealth, which recorded $101.9 billion in revenue in 2011, has roughly 35 million enrolled members. Company officials said the deal is expected to slightly enhance the company's earnings per share in 2013, and the deal still must obtain Brazilian and U.S. regulatory approval, which is expected in the fourth quarter of this year.

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