Oncoclínicas makes Spanish acquisition

Oncoclínicas makes Spanish acquisition

Corporate & Sovereign Strategy Equity M&A Brazil Capital Markets Healthcare

Brazilian cancer clinic Oncoclínicas has agreed to buy 49% of Spanish medical research firm Medica Scientia Innovation Research, known as MedSir, with a view to acquiring the whole company for €9.25 million ($10.2 million) in total, it said in a securities filing on Monday. The transaction is a strategic move to bolster Oncoclínicas' presence in scientific research and "an investment in human capital to strengthen our precision medicine drive," said Cristiano Camargo, head of investors relations

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