UBM announced the acquisition of Hospitalar, which is Latin America's largest healthcare trade show, from SPFC Group for an undisclosed sum.Hospitalar is one of Brazil's top five trade shows, featuring 1,250 Brazilian and international exhibitors and attracting approximately 95,000 attendees.It joins UBM's portfolio of events in Brazil which includes Marintec South America, Food Ingredients South America, Concrete Show South America, NT Expo and Intermodal South America. The acquisition will make UBM the third largest events organiser in Brazil.Following completion of the deal, Hospitalar's staff will move over to UBM Brazil and the founders of the show will remain involved in a non-executive capacity for at least two years.The return on investment from the transaction is expected to exceed UBM's weighted average cost of capital in the first full year of its ownership, the company said.UBM's chief executive Tim Cobbold said: "We are delighted to have acquired Hospitalar. It is a "must-attend" show with an increasingly international customer base and will further strengthen our position in Brazil.""It also fits very neatly with the wider UBM portfolio and we are excited about the opportunity to leverage UBM's strong position in the Medical Device and Manufacturing sector," he added.