Sao Paulo-based Hospital Samaritano has between 200 and 300 beds, and has been called a “crown jewel” by an analyst, according to the report. Although UnitedHealth didn’t release details of the transaction, Brazilian media has estimated the cost at $350 million.
This isn’t the first time the insurer — which owns 31 hospitals in Brazil — has invested in Brazilian healthcare. In 2012, UnitedHealth paid $4.9 billion for a stake in Rio de Janeiro-based Amil Participacoes — an insurer and hospital operator — and acquired nearly 24 hospitals.
More articles on transaction and valuation issues:
Connecticut unions urge for more state scrutiny of Yale, L+M Hospital deal
2015 healthcare deal volume slows as end of year nears
FTC, state regulators oppose Penn State Hershey, PinnacleHealth merger
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.