September 9, 2020 |
Brazilian healthcare company Hapvida said Tuesday that it agreed to acquire and lease several healthcare facilities in the southeast and midwest regions, including the Belo Horizonte-based Promed Group for BRL1.5 billion ($280 million), including debt.
Hapvida agreed to assume Promed’s debt totaling around BRL500 million and pay BRL500 million in cash with 80% paid at closing and a further 20% after price adjustments. The remaining BRL500 million would be paid out in shares following the sale of
Brazilian healthcare company continues expansion, buys the Minas Gerais-based group for $280 mln