Brazil:
Brazilian Healthcare Industry Now Open For Foreign Investment
06 November 2015
Lobo & Ibeas
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The Brazilian healthcare industry is on the rise. Over the past
decade, millions of Brazilians have made it to the middle class,
consolidating Brazil as one of the largest consumer markets in the
world. The increase in consumers' purchasing power, a
willingness to pay for better healthcare services and an expanding
elderly population, among other factors, have prompted expectations
that the Brazilian healthcare industry will continue to experience
substantial growth within the next few years, notwithstanding the
slow pace of the overall economy.
Until now, the healthcare industry was one of the few sectors of
the Brazilian economy that was not open to foreign investments. In
an effort to bring more foreign investments to Brazil, the
Brazilian government has lifted this longstanding ban.
On January 19, 2015 Federal Law 13,097 was enacted to expressly
authorize foreigners to acquire, directly or indirectly, equity
interests, including controlling ones, in legal entities carrying
out the following activities in Brazil: (1) running hospitals,
clinics and laboratories; (2) production and distribution of
medicines and other health products; (3) research and services
related to human genetics; (4) clinical analysis, diagnostic
imaging and analysis of anatomical pathology; and (5) family
planning.
This is good news for the international private equity &
venture capital community, which now has a new open field for
investments in Brazil, with encouraging prospects of returns.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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