Amilpar - Notice to Shareholders - Acquisition of ASL - Assistencia a Saude Ltda. in Natal - Rio Grande do Norte State

News provided by

Amilpar

Mar 12, 2010, 09:58 ET

RIO DE JANEIRO, March 12 /PRNewswire-FirstCall/ -- Amil Participacoes S.A. (Bovespa: AMIL3) ("Amilpar"), in accordance with CVM Instruction 358 of January 3, 2002, informs that it has signed through its subsidiary Amil Assistencia Medica Internacional Ltda. ("Amil") "Contract for Purchase and Sale of Quotas under Suspensive Condition," regarding the totality of quotas representatives of ASL - Assistencia a Saude Ltda. ("ASL") capital for the amount of R$ 8.6 million, to be paid as follows: R$ 4.3 million in the first business day of the subsequent month following approval by the ANS (Brazilian National Health Agency), and the balance of the value divided into three monthly and consecutive installments, the first being due 30 (thirty) days after the first payment and the remaining installments in the same day of the following months, adjusted by the accumulated variation of the IPCA (Brazilian Consumer Inflation Index). As part of the deal, Amil will take over contingencies and liabilities up to the limit of R$ 6 million.

ASL is located in Natal, in the state of Rio Grande do Norte and has a total membership of approximately 70 thousand members, corresponding to 20.3% market share in the capital's metropolitan region and 15% in the state. The company registered revenues close to R$ 75 million in 2009.

As previously mentioned, the effectiveness of the ASL acquisition and its corresponding payment is subject to the ANS approval ("Suspensive Condition").

This deal is part of the Company's strategy of growth and expansion in the northeast region of the country. At the end of 2009, Amilpar had 116 thousand members in Pernambuco, 57 thousand in Bahia and now, after this acquisition, totals more than 240 thousand members, or 5% market share in that region.

To access the Notice to Shareholders visit our website at www.amilpar.com.br/ir

    IR Contact
    Erwin Kleuser
    Investor Relations Officer
    Phone: +55 (21) 3805-1155
    [email protected]
    www.amilpar.com.br/ir

About Amilpar

Amil Participacoes S.A. is the largest managed care organization in Brazil, according to the ANS, currently assisting over 5 million members in the states of Sao Paulo, Rio de Janeiro, Parana, Minas Gerais, Pernambuco, Bahia and in Distrito Federal.

SOURCE Amilpar

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED