Bradesco and Fleury form joint oncology clinic venture
What happened
Fleury, a medical testing group, and Bradsaúde, the health insurance group of Bradesco, signed an agreement to create FleuryOnco, a new cancer-clinic company. FleuryOnco will invest R$72 million through 2027 to open seven outpatient oncology clinics in São Paulo and Rio de Janeiro. Fleury holds slightly over half of the capital, and Bradsaúde holds slightly under half.
From riotimesonline.com
Why it matters
The new venture, FleuryOnco, will consolidate its results into Fleury’s financial statements. The partnership involves Atlântica Hospitais, the hospital arm of Bradsaúde, and represents a strategic move into specialized cancer treatment.
From riotimesonline.com
Who's involved
- BradescoParent institution of Bradsaúde, which is partnering in the new oncology venture
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BradescoSpeculative
Bradesco might see changes in its investment and strategic partnership profile through its involvement in the new oncology venture
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The entities involved
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Bradesco
Brazilian banking institution