United Health will buy Brazilian insurer
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, Bloomberg reported. The deal values Amil at $15.13 per share, a 50 percent increase over its price a month ago, said Donald Nathan, a UnitedHealth spokesman. Amil’s founder, Edson Bueno, will remain as chairman and CEO of the Brazil operation and will join UnitedHealth’s board, the Minnetonka, Minn.-based insurer said in a statement.
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