Rede D'Or São Luiz S.A. (BOVESPA:RDOR3) entered a binding memorandum of understanding to acquire 51% stake in Hospital Nossa Senhora das Neves from Baraúna Gestora de Recursos Ltda. and Assis Family on April 9, 2021. Post completion, Assis Family will own 49% stake and Rede D'Or São Luiz S.A. will own 51% stake in Hospital Nossa Senhora das Neves. The acquisition is subject to approval from Brazil's competition authority (CADE), due diligence and the execution of definitive documents, including a shareholders agreement setting forth rights and obligations of the shareholders of HNSN, which will be the vehicle for investments by the parties in other businesses. Rede D'Or São Luiz S.A. (BOVESPA:RDOR3) completed the acquisition of 51% stake in Hospital Nossa Senhora das Neves from Baraúna Gestora de Recursos Ltda. and Assis Family for approximately BRL 280 million on April 12, 2021. As of May 3, 2021, Brazil's competition authority (CADE) has approved the transaction.