International Insurance News: UnitedHealth to buy most of Brazil’s Amil for $4.9 bln

UnitedHealth Group Inc will buy control of Amil Participacoes SA, Brazil’s largest health insurer and hospital operator, for $4.9  billion, making a bold move into a fast-growing market as challenges mount for its U.S. business.

The Brazilian healthcare market has been bolstered by a growing middle class and is turning to managed care to meet demand. It is  expected to grow twice as fast as the U.S. market, UnitedHealth Chief Executive Stephen Hemsley said during a conference call  recently. Read more