RIO DE JANEIRO, BRAZIL – Brazilian insurer and hospital operator Hapvida Participações e Investimentos SA and competitor Notre Dame Intermédica Participações SA disclosed the share conversion terms of a previously announced amalgamation that would create the country’s largest hospital chain.
The merger of the two companies leads to the creation of Brazil´s largest hospital chain.
The companies said that Intermedica shares will be merged into Hapvida, with one Intermedica share being swapped for 5.249 Hapvida shares and an additional R$6.45, according to a pair of securities filings made on Saturday night, February 27th.
Hapvida shareholders will own 53.6% of the combined company after the deal.
The chief executives of both companies will be active of the board of directors of the combined company, the securities filings said.
The transaction costs will likely come to R$116 million (US$20.7 million), the companies said.
In January, Hapvida offered R$49 billion (US$8.75 billion) to purchase Intermedica. The combined company will have 8.4 million healthcare clients and 70 hospital spread throughout the country.
The final deal is still subject to the approval of the companies’ shareholders, as well as health and antitrust authorities in Brazil.
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Hapvida Participações e Investimentos
SA: HAPV3HAPV3Financial ServicesInsurance – Life
R$4.22B
Market cap
Valuation & profitability
Market capR$4.22B
Revenue (TTM)R$31.86B
Profit margin-0.6%
Return on equity-0.4%
Price & risk
52-wk low $6.0152-wk high $34.52
Beta (volatility)0.18
200-day average$10.54
Revenue trend · 6y
20202025
Latest R$31.58B
Ownership
Institutions54.1%
Shares outstanding475M
Dividend
No regular dividend — earnings reinvested for growth.
What Hapvida Participações e Investimentos does. Hapvida Participações e Investimentos S.A., together with its subsidiaries, operates in the healthcare sector in Brazil. It sells health insurance plans through its own clinical, outpatient, and hospital networks, as well as dental plans through an accredited network. Hapvida Participações e Investimentos S.A. was founded in 1979 and is headquartered in Fortaleza,…
