Brazilian Health-Care Companies Plan Multi-Billion Dollar Merger
This article is for subscribers only.
Brazil’s Hapvida Participacoes e Investimentos SA and Notre Dame Intermedica Participacoes SA agreed to merge their businesses in a multi-billion dollar deal that attempts to redraw the country’s battered health-care system.
Hapvida investors will own 53.6% of the new company, while Intermedica’s will have 46.4%, according to a Saturday regulatory filing. The agreement comes about seven weeks after Hapvida presented a non-binding proposal to merge the businesses.