By Lily Squires
Azevedo Sette Advogados has helped Brazilian healthcare group Mater Dei make five hospital acquisitions, worth a total of 1 billion reais (US$191 million).
The two most recent deals took place in March. Mater Dei called on Azevedo Sette to acquire a majority stake in Hospital e Maternidade Santa Clara in the state of Minas Gerais for 187 million reais (US$36 million).
The seller turned to Souto Correa Advogados for the deal, which was announced on 2 March. The acquisition is still subject to antitrust approval from CADE.
In the same week, Mater Dei hired Azevedo Sette to acquire Centro Tomografia Computadorizada Uberlândia for 75 million reais (US$15 million).
Latin Lawyer understands that Oliveira Marques Benfica Advocacia advised the seller, but this could not be confirmed prior to publication.
That deal closed on 1 March.
Prior to this, Mater Dei acquired a 95% stake in a hospital in the eastern state of Bahia for 206 million reais (US$40 million).
The deal was signed on 11 February and is subject to approval by regulatory agencies.
Latin Lawyer understands that the seller relied on in-house counsel for the deal. The buyer hired Azevedo Sette.
Opened in 1963, Hospital Emec has 126 hospital beds, including 30 intensive care units (ICUs). Mater Dei plans to increase the hospital’s capacity to 150 beds. In 2021, Emec’s revenues reached 131 million reais (US$24 million).
A month earlier, Mater Dei bought a 96% stake in Hospital Premium – Instituto de Cirurgia Plástica e Oftamológica, based in the eastern city of Goiânia, for 239 million reais (US$44 million).
The seller relied on in-house counsel for the acquisition, which closed on 11 January.
The acquired hospital operates 80 beds and 28 ICUs.
Back in November, Azevedo Sette helped Mater Dei purchase a hospital in the eastern Brazilian state Minas Gerais for 309 million reais (US$56 million).
The selling shareholders turned to Romano Donadel Advogados Associados for the acquisition. In the deal, Mater Dei obtained a 94.8% interest of Hospital Santa Genoveva in Uberlândia, Minas Gerais.
Azevedo Sette has advised Mater Dei on transactions previously too. The healthcare group hired the firm back in July to purchase a majority stake in local hospital group Porto Dias for 800 million reais (US$154 million).
For the acquisition of Hospital e Maternidade Santa Clara
Counsel to Rede Mater Dei de Saúde
Azevedo Sette Advogados
Partner Luis Ricardo Miraglia and associates Fernanda Santiago, Deborah Avelar Freitas and Júlia Alves
Counsel to Hospital e Maternidade Santa Clara
Souto Correa Advogados
Partner Mauricio Paschoal and associates Isabelle Bueno, Leila Spagnolo Fonini and Sofia Fleck Ferreira
For the acquisition of Centro Tomografia Computadorizada Uberlândia
Counsel to Rede Mater Dei de Saúde
Azevedo Sette Advogados
Partner Luis Ricardo Miraglia and associates Fernanda Santiago, Júlia Alves, João Vitor Gonçalves Cogiola Falcão and Thales Estevam Ramalho Marques
For the acquisition of Hospital Emec
Counsel to Rede Mater Dei de Saúde
Azevedo Sette Advogados
Partners Luis Ricardo Miraglia and Eduardo Monteiro Moreira César, and associates Fernanda Santiago, Deborah Avelar and João Vitor Falcão
For the acquisition of Hospital Premium – Instituto de Cirurgia Plástica e Oftamológica
Counsel to Rede Mater Dei de Saúde
Azevedo Sette Advogados
Partners Luis Ricardo Miraglia, Eduardo Monteiro Moreira César and Henrique Antonelli, and associates Fernanda Santiago, Júlia Alves, Mariana de Souza Costa
For the acquisition of Hospital Santa Genoveva
Counsel to Rede Mater Dei de Saúde
Azevedo Sette Advogados
Partner Luis Ricardo Miraglia and associates Fernanda Santiago, Júlia Alves, João Vitor Falcão and Thales Estevam Ramalho Marques
Counsel to the selling shareholders
Romano Donadel Advogados Associados
Partners Wanderley Donadel, Rubya Floriani and Daniel Gomide, and associate Fernanda Fernandes
https://latinlawyer.com/azevedo-sette-helps-mater-dei-in-multiple-hospital-acquisitions