Intermédica acquires another rival

Intermédica acquires another rival

M&A Loans Debt Regulation Brazil

Brazil's Notre Dame Intermédica has continued its buying spree, this time acquiring Clinipam for BRL2.6 billion ($652 million) in cash and stock.Intermédica said it will pay BRL2.25 billion in cash at closing, keep BRL150 million in an escrow account and pay another BRL200 million in shares issued at BRL59.42 each.It also said it has lined up a BRL2.5 billion syndicated loan to fund the acquisition. The five-year bullet loan pays 1% above the DI interbank lending rate for the first six months an

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