Brazilian healthcare provider Hapvida Participacoes e Investimentos SA will look for more acquisitions in the near future after agreeing to acquire rival group Sao Francisco Saude for 5 billion reais (US$1.26 billion), CEO Jorge Pinheiro told reporters on Tuesday, May 7.
The deal will enable Hapvida to expand to Brazil’s southeastern, southern and center-west regions, from its current focus only on the north and northeastern regions.
Pinheiro said he expects the deal to be approved by antitrust authorities due to the different geographical footprints of the companies.
Full Content: Reuters
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