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Brazil's Hapvida plans to acquire smaller rival Sao Jose - filing

Brazilian healthcare company Hapvida has reached an agreement to acquire a 85.71% stake in the smaller rival Sao Jose for 320 million reais ($59.62 million), according to a filing on Wednesday.

SAO PAULO, July 15 (Reuters) - Brazilian healthcare company Hapvida HAPV3.SA has reached an agreement to acquire a 85.71% stake in the smaller rival Sao Jose for 320 million reais ($59.62 million), according to a filing on Wednesday.

Sao Jose, with 51,000 clients in the Brazilian state of Sao Paulo, owns two hospitals.

($1 = 5.3674 reais)

(Reporting by Carolina Mandl, Editing by Louise Heavens)

((carolina.mandl@thomsonreuters.com; +55 11 5644 7703; +55 11 97116-3806;))

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