Hapvida to acquire Smile Saude $57m.

Hapvida, a Brazilian healthcare company, agreed to acquire Smile Saude, a healthcare plan operator, $57m. The deal requires approval from Brazil’s regulatory bodies. Smile Saude has about 80k clients in the cities of Maceio, Joao Pessoa, Campina Grande and Brasilia, while also owning a 39-bed hospital in Joao Pessoa. The move was aimed at accelerating Smile Saude’s growth in locations where Hapvida already operates, noting it owns three hospitals and has 160k clients in Smile’s main area of business.