UnitedHealth to buy 32nd Brazilian hospital for $350M

Minnetonka, Minn.-based UnitedHealth Group is acquiring its 32nd hospital in Brazil for an estimated cost of approximately $350 million, according to the Minneapolis/St. Paul Business Journal.

Sao Paulo-based Hospital Samaritano has between 200 and 300 beds, and has been called a "crown jewel" by an analyst, according to the report. Although UnitedHealth didn't release details of the transaction, Brazilian media has estimated the cost at $350 million.

This isn't the first time the insurer — which owns 31 hospitals in Brazil — has invested in Brazilian healthcare. In 2012, UnitedHealth paid $4.9 billion for a stake in Rio de Janeiro-based Amil Participacoes — an insurer and hospital operator — and acquired nearly 24 hospitals.

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