H.I.G. Latin America Notícias

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Rodrigo Feitosa
Managing Director
rfeitosa@higcapital.com

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www.higcapital.br.com

Grupo Meridional Announces Acquisition of Hospital Metropolitano

RIO DE JANEIRO – November 13, 2018 – H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with $30 billion of equity capital under management, is pleased to announce that its portfolio company, Grupo Meridional (“Meridional” or the “Group”), one of the leading hospital groups in Brazil, has acquired Hospital Metropolitano (“Metropolitano”).

Founded in 1996, Metropolitano was the first large private hospital in the State of Espirito Santo and a pioneer in several advanced treatments and highly-complex medical specialties. With 146 beds and the maximum excellence national accreditation (ONA), Metropolitano is one of the main hospitals in the state. In addition, Metropolitano is the only hospital in the region to invest in a unit dedicated to geriatric patients.

Located in Serra, in the metropolitan region of Vitória, the State Capital of Espírito Santo, Metropolitano has a highly complementary location to the five existent hospitals under Meridional’s management in the state. Antonio Benjamim, CEO of the Group, commented, “We are very excited with Metropolitano’s acquisition. From now on, we will have operations in all regions of the greater region of Vitória to deliver a complete solution to patients, doctors and healthcare plans. We look forward to working with Metropolitano’s team to deliver world-class healthcare treatments to our patients and medical community”.

“With the acquisition of Metropolitano, Meridional reaches the important milestone of 600 beds, strengthening its leadership in the State of Espírito Santo and positioning itself among the largest Brazilian hospital groups”, commented Rodrigo Feitosa, an H.I.G. Capital Managing Director. He added, “H.I.G. will continue to support Meridional’s growth by expanding its footprint across Brazil”.

About Grupo Meridional
Founded in 2001 and headquartered in Cariacica, Grupo Meridional operates six hospitals in the state of Espírito Santo, providing urgent care and advanced treatments to patients. For more information, visit http://www.hospitalmeridional.com.br.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $30 billion of equity capital under management*. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.