UnitedHealth to buy Brazilian health insurer

Bloomberg: UnitedHealth Will Buy Brazilian Insurer Amil For $4.9 Billion
UnitedHealth Group Inc. (UNH), the biggest U.S. health insurance company, agreed to pay about $4.9 billion to buy 90 percent of Amil Participacoes SA (AMIL3), a Brazil-based insurer and hospitals operator that gives the American company a stake in the world's second-biggest emerging economy. The deal will take place in two steps, UnitedHealth said in a statement today. In the fourth quarter, once it has regulatory approval, UnitedHealth will buy about 60 percent of Amil's outstanding shares from controlling shareholders and management. In the first half of next year it will make a public offer for the remaining 30 percent, according to the release (Nussbaum, 10/8).