HIG Capital (HIG), a global private equity investment firm with over USD25 billion of equity capital under management, is pleased to announce it has completed a strategic investment in Brazilian hospital Grupo Meridional, one of the leading hospital groups in Brazil.
Headquartered in Cariacica and with five hospitals in the State of Espírito Santo, Meridional is the fifth largest private hospital group in the country and the leading private hospital in the state of Espirito Santo. With a total of over 400 hospital beds and established international accreditation, Meridional provides a wide range of advanced healthcare treatments in the metropolitan region of Vitória and in São Mateus, in the Northern part of the state.
Fernando Marques Oliveira, Managing Director and head of Brazil and Latin America, says: “We are very pleased to partner with Meridional. The Company’s management and founding shareholders have done a terrific job in building one of the leading hospitals group in Brazil, and HIG will now support Meridional in taking the company to the next level by expanding its services both organically and inorganically. We believe the Company will continue to benefit from the positive trends in the resilient healthcare sector in Brazil.”
“It was very important for us to find the right partner to support Meridional’s ambitious expansion plans. HIG’s global platform, extensive experience in healthcare, strong presence in Brazil and the collaborative nature of its investment team stood out from the beginning, and we are thrilled to have them as a partner to accelerate the Company’s growth,” says Antonio Benjamim, founding shareholder and CEO of Meridional.