Brazil’s Rede D’Or hospital chain buys 51% of Biocor Hospital, valued at R$750 million

The transaction is still subject to verification of certain customary conditions, including approval by antitrust agency CADE.

RIO DE JANEIRO, BRAZIL - Rede D'Or (RDOR3) announced on Monday, April 5th, agreed to a binding memorandum of understanding to buy a 51% stake in Biocor Hospital in Belo Horizonte (MG).

Read: Massive consolidation wave looms in Brazil’s private healthcare system

The hospital has a firm value of R$750 (US$131) million, from which net indebtedness will be deducted, said the company in a material fact released to the market after the close of this . . .

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