January 11, 2021
Brazilian private healthcare company Hapvida has made a non-binding proposal to acquire rival Notre Dame Intermédica in an all-share deal, it said in a securities filing on Friday.
Hapvida will own 53.1% of the combined company, while Intermédica will have 46.9%, accounting for a 10% premium on the average share prices for both companies over 20 days through December 21 last year, Hapvida said.
According to press reports, the tie-up could create a company with a market capitalization up to BRL12
Shares in the Brazilian healthcare rivals soar on news of a possible merger