Brazil’s Rede D’Or plans to acquire Alliar for $259.1m

Brazilian hospital chain Rede D’or announced a tender offer to take over medical labs chain Alliar for up to $259.14m, as it expands its businesses to new healthcare sectors.

Rede D’or, which is backed by private equity firm Carlyle, is offering $2.19 per Alliar share, a 21.8% premium over Friday’s closing price, according to a securities filing.

The move by Rede D’Or, which listed its shares on Sao Paulo stock exchange last year, comes amid a dealmaking boom in Brazil’s healthcare sector, with major players seeking consolidation in a fragmented industry. Alliar has 105 medical labs in Brazil.

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Shares in Alliar jumped almost 20% in morning trading following the announcement, while shares in Rede D’or were up 0.7%.

About Carlyle

Carlyle is one of the world’s largest and most diversified global investment firms, with $276 billion of assets under management across 3 business segments and 415 investment vehicles. Founded in 1987 in Washington, DC, our global team today is comprised of nearly 1,800 professionals operating in 27 offices across 5 continents. Together, across our firm, our mission is to drive long-term value for our investors, companies, shareholders, people, communities and employees.

Source: Yahoo News

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