Massive consolidation wave looms in Brazil’s private healthcare system

Brazilian private equity firm IG4 was so tempted by the turnaround potential for the country’s underperforming private hospitals that it created a company aimed at buying and reviving them.

RIO DE JANEIRO, BRAZIL - Brazil’s public health system has been pushed to the breaking point by one of the world’s deadliest coronavirus outbreaks, but its private healthcare sector is experiencing an unlikely dealmaking boom.

The push to consolidate, which comes amid rising demand even beyond the pandemic thanks to an aging population, has spawned the country’s biggest takeover deal so far this year, its top IPO in recent years and has lured investors ranging from U.S. private equity firm Carlyle Group Inc to venture capital funds and one of Brazil’s most prominent real estate developers . . .

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