DaVita Healthcare Brasil Serviços Médicos Ltda. completed the acquisition of Porto Seguro Centros Médicos Ltda. from Porto Seguro S.A..
July 01, 2018
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DaVita Healthcare Brasil Serviços Médicos Ltda. entered into an agreement to acquire Porto Seguro Centros Médicos Ltda. from Porto Seguro S.A. (BOVESPA:PSSA3) on April 24, 2018. The transaction is subject to conditions precedent, including approval by the Brazilian Antitrust Authority. As on May 22, 2018, The General Superintendence of CADE approved the acquisition. Tauil & Chequer Advogados, Guilherme Vieira da Silva and Larissa Pinho of Demarest Advogados acted as legal advisors to DaVita Healthcare Brasil Serviços Médicos Ltda
DaVita Healthcare Brasil Serviços Médicos Ltda. completed the acquisition of Porto Seguro Centros Médicos Ltda. from Porto Seguro S.A. (BOVESPA:PSSA3) on July 2, 2018. All the conditions precedent to transaction are met.
Porto Seguro SA is a Brazil-based company primarily engaged in the automobile insurance sector. The Company's activities are divided into six business segments: Car insurance, which offers automobile insurance products; Health insurance and plans, which provides health and dental insurance policies and healthcare plans; Life insurance and pension plan, which includes life insurance products and management of pension plans; Other insurance, which provides other non-life insurance policies; Financing, which is involved in the credit transactions, and Other, which mainly includes insurance services provided in Uruguay. In addition, the Company offers a range of services not related to insurance activity, such as electronic protection and surveillance and distribution of automotive parts. The Company is controlled by Porto Seguro Itau-Unibanco Participacoes SA.