Ser Educacional acquires med school

Ser Educacional acquires med school

Equity M&A Brazil Latin America

Brazilian for-profit education company Ser Educacional said Thursday that it agreed to pay BRL150 million ($27.6 million) to buy the private medical and nursing school Facimed in the state of Rondônia. According to a securities filing, Ser subsidiary Cenesup will pay BRL100 million when it closes the deal with Facimed's holding company, Sorec, and make four annual installments of $12.5 million each. Located in the city of Cacoal, Facimed had 2,700 undergraduate students, including 445 medical st

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial