HIG-backed hospital chain Kora buys rival Sao Francisco for $59 mln

Industry:    2022-01-04

Brazilian hospital chain Kora Saude has acquired smaller rival Hospital Sao Francisco for 330 million reais ($59.24 million), a securities filing showed on Monday.

Kora, which is backed by U.S. private equity firm HIG Capital, said it will initially pay 250 million reais for Sao Francisco and the remaining amount in up to five years.

Sao Francisco is in the Distrito Federal, where Brazil’s capital Brasilia is located, and operates 179 beds.

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