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Announced

Completed

SOL Group completed the acquisition of a 85% stake in PRONEP.

Synopsis

SOL Group, an industrial gases company, completed the acquisition of a 85% stake in PRONEP, an operator in home care. Financial terms were not disclosed. "This new acquisition, realized together with our long-standing partners, Euro Palomba and Luiz Tizatto, with whom Vivisol has been able to enter and strengthen the Brazilian market for the provision of post-acute services to patients at their home, will strengthen our presence in Brazil, a dynamic country where we have been operating for several years now. We are particularly happy to be working with Euro Palomba and Luiz Tizatto, to provide together new dynamism to a renowned and historical operator like PRONEP. We are confident that PRONEP, also thanks to the experience and synergies with Global Care and Unit Care, will continue to grow, enjoying the support, know-how and experience of Vivisol in the home care market," Aldo Fumagalli Romario, SOL Group Chairman and CEO.

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