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

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;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.