NEW YORK (Standard&Poor's) Oct. 8, 2012--Standard&Poor's Ratings Services said today that UnitedHealth Group Inc.'s (A/Stable/A-1) definitive agreement to purchase Amil Participacoes SA does not result in any rating action. Amil, based in Sao Paulo, is the biggest private health insurance company in Latin America. Amil is the leading health insurer in a relatively fragmented market that is in the early stage of consolidation. We consider this transaction to be consistent with UnitedHealth's growth strategy, which is supported by a combination of organic development and acquisition. The $4.9 billion purchase price exceeds 15% of UnitedHealth's shareholder equity as of June 30, 2012, which represents a material sum in our view. We expect the deal to be at
