SAO PAULO, April 13 (Reuters) – Brazilian firms Fleury and Porto have withdrawn from negotiations with local healthcare firm Oncoclinicas regarding the potential creation of a new company, local newspaper O Globo said on Monday, citing sources. • The three firms had entered a non-binding term sheet nL1N40B0CU last month, which established a 30-day exclusivity […]
Health
Brazil’s Fleury, Porto end talks to create new firm with Oncoclinicas, reports O Globo
Audio By Carbonatix
SAO PAULO, April 13 (Reuters) – Brazilian firms Fleury and Porto have withdrawn from negotiations with local healthcare firm Oncoclinicas regarding the potential creation of a new company, local newspaper O Globo said on Monday, citing sources.
• The three firms had entered a non-binding term sheet nL1N40B0CU last month, which established a 30-day exclusivity period to negotiate a definitive agreement.
• Under the discussed deal, Oncoclinicas would have contributed its oncology clinics and debt totaling up to 2.5 billion reais ($500.44 million).
• Fleury and Porto would have jointly invested 500 million reais in the new firm through a holding company.
• None of the firms immediately replied to requests for comment.
($1 = 4.9956 reais)
(Reporting by Fernando Cardoso; Editing by Iñigo Alexander and Kylie Madry)