Brazilian hospital chain Rede D’Or has signed a contract to acquire Hospital Aeroporto, located in Bahia state, in a deal worth 230 million reais ($42 million), it said in a securities filing late on Tuesday.
Rede D’Or said it expects Hospital Aeroporto’s earnings before interest, taxes, depreciation, and amortization (EBITDA), a measure of operating income, to reach 20 million reais in the 12 months following the closing of the deal, which still requires approval from Brazilian antitrust regulator CADE.
Source: Reuters.com