Mater Dei to acquire a 70% stake in Porto Dias for R$800m.

Mater Dei, a Brazilian hospital chain, agreed to acquire a 70% stake in Porto Dias, a Brazilian private hospital, for R$800m ($155m). The agreement provides for purchase and sale rights of the remaining 30% in five years at a discount of 20% of the multiple that Mater Dei is negotiating at the time. The Porto Dias family will continue to lead the hospital's management and will gain a seat on the board of Mater Dei.