Alice Health Plan Hits 100k Members, Leads São Paulo Growth

Brazilian corporate health plan Alice reached 100,000 members and R$1.1B ARR, growing its base 19% in early 2026 versus 1.4% market growth. The company added 31,000 net members, a 58% increase year-over-year, signaling strong competitive momentum in a concentrated market. This growth may pressure incumbents and attract investor attention, though profitability remains unstated.