Médica Sur, SAB de CV (BMV:MEDICA B) completed the acquisition of Laboratorio Médico Polanco, S.A. De C.V. from ENESA, S.A. DE C.V.
September 28, 2016
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Médica Sur, SAB de CV (BMV:MEDICA B) signed an agreement to acquire Laboratorio Médico Polanco, S.A. De C.V. from ENESA, S.A. DE C.V for up to MXN 1.7 billion in cash on February 16, 2016. The transaction was all covered by banking financing. Medica Sur plans to finance the purchase via a credit from Banco Inbursa, Institucion de Banca Multiple and Grupo Financiero Inbursa. The deal is subject to approval of the Economic Competence Federal Commission. The transaction was approved by Médica Sur's administration counsel and its shareholders on February 16, 2016 and February 19, 2016 respectively. The transaction is expected to be completed in first quarter of 2016.
Médica Sur, SAB de CV (BMV:MEDICA B) completed the acquisition of Laboratorio Médico Polanco, S.A. De C.V. from ENESA, S.A. DE C.V on September 29, 2016. On the same day, the transaction was approved by the Mexican anti-trust agency Comisión Federal de Competencia.
Medica Sur SAB de CV is a Mexico-based company primarily engaged in the healthcare sector. The Company manages hospitals, emergency and diagnostic centers, medical laboratories, organ and blood banks, as well as an accommodation place. It provides medical services within various specializations, such as anatomic pathology, cardiology, gynecology and obstetrics, neonatology, neurophysiology, odontology, oncology, ophthalmology, orthopedics, otolaryngology, pediatrics, radiology and imaging, as well as radiosurgery. In addition, the Company offers medical tourism services and distributes drugs. It forms a part of Mayo Clinic Care Network. The Company operates through a range of subsidiaries, such as Corporacion de Atencion Medica SA de CV, El Portal Medico SA de CV, Servicios de Administracion Hospitalaria SA de CV and Telemed SA de CV. The Company is owned by Neuco SA de CV.