Hapvida acquires Promed

Hapvida acquires Promed

Corporate & Sovereign Strategy M&A Equity Brazil Latin America

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

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