We advised the joint bookrunners on the IPO and São Paulo Stock Exchange listing

Davis Polk advised the joint bookrunners in connection with the initial public offering by Kora Saúde Participações S.A. of 106,933,444 shares for an aggregate amount of approximately R$770 million. The common shares trade on the São Paulo Stock Exchange. The securities sold in the international offering were placed under Rule 144A and Regulation S.

Based in Brazil, Kora Saúde leads the private hospital market in three Brazilian states – Espírito Santo, Tocantins and Mato Grosso – and has one of Brazil’s largest independent chains of private hospitals. Specializing in highly complex surgeries, Kora Saúde has invested in the areas of oncology, cardiology and neurology.

The Davis Polk corporate team included Maurice Blanco and Elliot M. de Carvalho. All members of the Davis Polk team are based in the São Paulo office.

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