United Health buys into Amil Participacoes for $4.9bn

A Brazilian being vaccinated Amil provides healthcare services to more than five million people in Brazil

United Health Group has agreed a deal to buy a controlling stake in Brazilian health insurer and care provider Amil Participacoes for $4.9bn (£3.1bn).

Subject to regulatory approval, United Health will buy 60% of Amil's shares this year, then make an offer to buy a further 30% in the first half of 2013.

The US's largest health insurer said it wanted to tap demand for healthcare among Brazil's growing middle classes.

Many insurers are looking to expand overseas into faster-growing markets.

"Brazil has emerged as a consistently growing and evolving market for private sector health benefits and services," said Stephen Hemsley, chief executive of United Health.

"Its growing economy, emerging middle class and progressive policies toward managed care make it a high-potential growth market."

Amil is Brazil's largest healthcare company, with an annual revenue of almost $5bn, providing health services to more than five million people.

Its founder, Edson Bueno, will continue to lead the company as chairman and chief executive.

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories



  • Spanner CrabEdible images

    Are these the best food photographs of the past year?

  • Beckford's TowerFolly or fact?

    The unlikely debt capital of Britain

  • European starlingBird-brained

    How 60 starlings multiplied into a nightmare flock of 200 million

  • Observatory in Chile with sun in the backgroundStar struck

    Why tourists are flocking to Chile's observatories

  • Two people using sign language Signing out

    The decline of regional dialects for the deaf

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.