Facing Losses and Amid Rumors of a Potential Sale, Amil, One of Brazil´s Largest Health Insurances, Returns 14,000 sqm of Office Space

In the fourth quarter of 2022, the health insurance and hospital operator Amil leased an entire floor at EZ Towers in the Chucri Zaidan area, totaling 1,685 square meters. Previously, they already occupied seven other floors, totaling over 27,000 square meters. However, according to sources consulted by REsource, the company is planning to vacate over half of that space, approximately 14,731 square meters.

Recently, it was unofficially announced that the owner of Amil, UnitedHealth Group (GHP), intends to sell the hospital network and the health insurance operator. Currently, the company is valued between R$ 10 and 15 billion (US$ 2.01 and 3.02 billion), according to Bank of America Merrill Lynch (BofA).

Experts consulted by REsource cannot confirm if the partial departure of the company from EZ Towers is related to the consecutive losses the company has been reporting in recent periods. In an official statement, Amil states that it is implementing the Future of Work program and aims to optimize the working system of employees according to their individual profiles.

"The UnitedHealth Group Brazil clarifies that since May 2022, it has been implementing the Future of Work project, which uses three models: office-based, home-based, and flex office. In the latter, there are employees who fall into the Entrepreneurial profile (attending the office up to three days a week) and others in the Connected profile (up to two days a week in the office), in alignment with their direct managers. The main objective of the project is to provide a better and more efficient use of corporate workspace. The success of this initiative has reduced the need for positions in the company's offices," the statement says.