Oct 6 UnitedHealth Group Inc is in talks
to buy some or all of Brazilian insurer and hospital operator
Amil Participacoes SA, according to a person familiar
with the matter.
The deal, which could be announced as soon as next week,
would give the biggest U.S. health insurance company a bigger
foothold in a growing private-insurance market in the world's
second-biggest emerging economy.
Amil, with a market capitalization of $4.47 billion, is the
largest health insurer in Brazil.
UnitedHealth declined to comment on Saturday, saying it was
company policy not to comment on rumors and speculation.
The company already does business in Sao Paulo, Brazil. It
also operates in dozens of other countries, including China,
India, Australia, Britain, France, Italy and Canada.
Other insurers such as Cigna Corp have been looking
to foreign markets. Cigna signed several agreements recently to
sell insurance in emerging markets, including India, and has
expanded its presence in Brazil and China.