Deals
UnitedHealth to Buy Brazilian Insurer Amil for $4.9 Billion
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UnitedHealth Group Inc., the biggest U.S. health insurance company, agreed to pay about $4.9 billion to buy 90 percent of Amil Participacoes SA, a Brazil-based insurer and hospital chain that gives the American company a stake in the world’s second-biggest emerging economy.
The deal values Amil at 30.75 reais ($15.13) per share, a 50 percent increase over its price a month ago, said Donald Nathan, a UnitedHealth spokesman, in an e-mail. Amil’s founder, Edson Bueno, will remain as chief executive officer and chairman of the Brazil operation and will join UnitedHealth’s board, the Minnetonka, Minnesota-based insurer said in a statement.