Brazil's Anima to sell stake in medical education unit for $179 mln

  • 11/30/2021
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SAO PAULO, Nov 29 (Reuters) - Brazilian education holding company Anima Holding SA (ANIM3.SA) has reached an agreement to sell 25% of its medical education subsidiary Inspirali to health-focused investment fund DNA Capital for 1 billion reais ($179 million), it said in a Monday securities filing. Inspirali, according to Anima, is the second largest medical education company in Brazil, with close to 10,000 students spread across the country. The unit reported a net revenue of 436.6 million reais in the first nine months of 2021, Anima said. DNA Capital has investments in more than 20 firms, including DASA (DASA3.SA), a major medical diagnostics company in Brazil. The deal will need approval from Brazil"s competition watchdog, Cade, Anima said. ($1 = 5.60 reais)

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