Regulators give UnitedHealth green light to buy Brazilian insurer - Bring Me The News

Regulators give UnitedHealth green light to buy Brazilian insurer

Regulators in both Brazil and the United States have approved UnitedHealth Group's plan to buy a major stake of Amil Participacoes, an operator of hospitals and clinics that is also Brazil's biggest managed-care company, Bloomberg reports. The Minnetonka-based health insurer agreed to pay about $4.9 billion for the 90 percent stake in the company.

Author:: BMTN Staff
Publish date:: Oct 24, 2012

Regulators in both Brazil and the United States have approved UnitedHealth Group's plan to buy a major stake of Amil Participacoes, an operator of hospitals and clinics that is also Brazil's biggest managed-care company, Bloomberg reports. The Minnetonka-based health insurer agreed to pay about $4.9 billion for the 90 percent stake in the company.

UnitedHealth announced its acquisition plans earlier this month.

Last week, UnitedHealth said its third-quarter net income jumped 23 percent and raised its 2012 earnings forecast.

Click here, to follow UnitedHealth Group's stock performance.

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