Souto Correa and BRZ Advogados

Souto Correa advises Oncoclínicas on a JV with Santa Lúcia Group

Souto Correa Advogados advised Oncoclínicas and BRZ Advogados advised Santa Lúcia Group on the negotiation of an operational and commercial joint venture with Santa Lúcia Group, for the joint development over a 60-year period of activities relating to the prevention, diagnosis and treatment of ambulatory and hospital patients in the Federal District of Brazil.

Oncoclínicas and Santa Lúcia Group will share the combined future results of the operations in oncology, in stakes to be determined based on their respective contributions to the partnership on closing, which currently corresponds to revenues in the joint venture of R$ 770 million, of which R$ 500 million correspond to the contribution of Oncoclínicas and R$ 270 million correspond to the contribution of Santa Lúcia Group.

The execution of the Joint Venture Agreement with the chosen structure permitted the segregation of assets of Oncoclínicas and Santa Lucia Group, with no joint corporate structure, and the companies will operate together a network of diagnostics units, clinics and cancer centers, covering all the healthcare spectrum, with a combined infrastructure of 2 image centers, 26 ambulatory units and 4 high complexity hospitals. Upon completion of the deal, further 4 cancer centers will be launched in the Federal District, with over 850 hospital care beds and 45 surgery rooms.

Souto Correa relied on led by partners Giedre Brajato (pictured top left) and Mauricio Paschoal (pictured top right).

Oncoclínicas in-house team was led by Cinthia Ambrogi, Márcio Sanjar and Lucas Daur.

BRZ Advogados relied on led by partners Ana Paula Deppe Leme (pictured bottom left) and Pedro Henrique F. Raimundo (pictured bottom right).

Santa Lucia Group in-house team was led by Sergio Moraes.