Three firms advises on Bradesco–Odontoprev healthcare deal

Mattos Filho advised the independent committee and Odontoprev while Pinheiro Neto Advogados advised Banco Bradesco on the transaction that combined the businesses of Bradesco Gestão de Saúde — a company that holds the equity interests in the healthcare segment indirectly controlled by Banco Bradesco — with Odontoprev, a leading publicly traded company in dental plans.

The transaction took place through the merger, by Odontoprev, of all shares issued by Bradesco Gestão de Saúde, consolidating, under Odontoprev, the equity interests of Organização Bradesco in the healthcare segment.

The operation will still go through other stages necessary to comply with regulatory requirements. After the merger is completed, the resulting company will be called Bradsaúde, which will act as a consolidator of the Bradesco Organization’s healthcare ecosystem, with revenues exceeding R$ 50 billion and an estimated market value of R$ 38 billion.

With unified control of the healthcare business, Bradsaúde will be able to expand and integrate its healthcare and dental solutions more efficiently.

Mattos Filho relied on partner Moacir Zilbovicius, Pedro Whitaker de Souza Dias, Maria Fernanda de A. Prado e Silva, Ana Sammarco, associates Hugo de Hollanda Vilhena, Raul de Freitas, Lara Malafaia Vicente, Nathalia Buozo, Ana de Barros Villas Boas.

Pinheiro Neto Advogados relied on partners Henry Sztutman, Henrique Lang, João Marcelo Pacheco, Flávio Veitzman, and associates Max Fritz, Cristina Liu, Bernardo Borchardt, Rafael Machado Pizzignacco, and Roberta Bolognese.

BMA advised Bradseg Participações, Bradesco BBI, and Bradesco Gestão de Saúde.