Brazil Bars 2 Hospital Deals Due To Buyers' Ties

Law360, New York (August 31, 2012, 7:17 PM EDT) -- Brazil's antitrust watchdog on Wednesday disapproved of a pair of hospital acquisitions near Rio de Janeiro based on concerns about financial ties between the two buyers, Latin American health care giant Amil and FMG Empreendimentos Hospitalares SA.

The Administrative Council for Economic Defense, or CADE, concluded that the only way Amil could buy Casa de Saude Santa Lucia and FMG could purchase Hospital Fluminense SA was if the corporate bonds between the two companies were broken, given the dominance that the pair has in the health...
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