Brazilian startup Alice has agreed to buy corporate health program company Cuidas for an undisclosed amount, according to a statement.

Founded in 2019, Alice, which sells health plans regulated by the ANS, has already raised $48 million in investment rounds from funds ThornTree Capital Partners, Kaszek Ventures, Canary, Maya Capital and Endeavor Catalyst.

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Cuidas raised BRL 23 million and has among its investors Brazilian billionaires Jorge Paulo Lemann, founder of 3G Capital, and Abilio Diniz, through his holding company Peninsula.