Patria Partially Exits Brazil Senior Living with Sale to Orpea
Summary
Patria Investimentos partially exited nursing care conglomerate Brazil Senior Living through the sale of a 20% stake to French nursing care corporation Orpea. The agreement included provisions allowing Orpea to acquire the remainder of Patrias stake over the next five years. (Global Legal Chronicle) Orpea S.A. executed the acquisition of 20% interest in Brazil Senior Living S.A.Brazil Senior Living S.A. operates long-term care institutions to provide medical services and assistance to elderly, physically handicapped, immunosuppressed, and convalescent patients in Belo Horizonte and S\xe3o Paulo.Orpea operates nursing homes. The Company, led by Yves Le Masne, Jean-Claude Brdenk and Laure Freres serves older clients in all stages of dependency through its facilities located throughout France. In 2018 Orpea recorded 3.419 billion revenues.