UNITEDHEALTH GROUP INC acquired Amil Participacoes S.A. for approximately $4.9 billion in cash for the outstanding shares (about $4.3 billion effective equity price after estimated $600 million Brazilian tax benefits), a transaction announced in October 2012, structured as all cash. The deal was a Merger.
Amil Participacoes S.A. operates in UnitedHealthcare (International), is based in Rio de Janeiro, Brazil, had revenue of about approximately $5 billion (2012 annualized). Amil (BM&FBOVESPA: AMIL3) was Brazil's largest health care company, providing health and dental benefits, hospital and clinical services, and care management to more than 5 million people. Its 2012 annualized revenues were in the range of $5 billion.
Entering the large, fast-growing Brazilian private health care market with the clear market leader, creating a distinctive international growth platform alongside UnitedHealthcare and Optum.
Market-leading position in the largest, fastest-growing private health market in the Americas. Amil's CEO committed to investing approximately $470 million in UnitedHealth Group stock. UnitedHealthcare International
Brazil has emerged as a consistently growing and evolving market for private sector health benefits and services. Its growing economy, emerging middle class and progressive policies toward managed care make it a high potential growth market.Stephen J. Hemsley, President and CEO, UnitedHealth Group
Combining Amil, the clear market leader serving an under-penetrated market of nearly 200 million people, with UnitedHealth Group's experiences and capabilities developed over the last three decades is the most compelling growth and value creation opportunity.Dr. Edson Bueno, Founder and CEO, Amil
Advisory firms were not disclosed for this transaction.