The initial offer of shares (IPO) of the health group Hospital Care Caledonia (HCAR3) can handle around 1.1 billion reais, according to information in the preliminary prospectus of the operation, made available at Securities and Exchange Commission (CVM) this Wednesday.
The amount reflects the expectation of full sale of the base lot of almost 42 million shares, each sold for 25.50 reais, in the center of the range estimated by the coordinators, which ranges from 22.50 to 28.50 reais.
Of the total, about 790 million reais correspond to the sale of new shares, resources that go to the company’s cash, for organic expansion and acquisitions.
The rest will be held today by Abaporu, the investment vehicle of the family of Elie Horn, founder of Cyrela, and by the private equity fund Crescera Capital.
The offer may also be increased by additional lots corresponding to 35% of the base lot, depending on demand. The schedule provides for price fixing per share on April 20, with the shares debuting on Bovespa on April 23, traded under ticker HCAR3.
Created in 2017, based in Campinas, Caledonia requested registration for the offer of shares last month, in an operation coordinated by Itaú BBA, BTG Pactual, Bank of America e XP.
Caledonia uses a concept that adds hospitals, clinics and health insurance, a system operated by companies such as Hapvida e Notre Dame Intermédica; which allows for efficiency gains and cost reduction in relation to the fragmented process of the traditional model, according to the company.
Today, Caledonia has five of these hubs in the cities of Campinas, Ribeirão Preto and São José do Rio Preto, in addition to Florianópolis (SC) and Curitiba (PR), in a network with 11 hospitals, 1,206 beds and 24 clinics and medical centers, in addition to of two health operators with approximately 102 thousand lives. A sixth hub should be opened in Sorocaba (SP).
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