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JK Capital
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Healthcare · Sell-Side · 2023

Care Plus completed the acquisition of Inpao Dental.

JK Capital acted as exclusive financial advisor to Inpao Dental.

Deal sheet

Sector
Healthcare
Mandate
Sell-Side
Year
2023
Country
Brazil

Care Plus completed the acquisition of Inpao Dental.

JK Capital acted as exclusive financial advisor to Inpao Dental.

About the deal

About Inpao Dental

Inpao Dental is a dental plan operator founded in 1964, with a strong national presence in class C, with about 185,000 beneficiaries.

About Care Plus (Bupa)

Care Plus is a 32-year-old premium health operator, controlled by the British company Bupa since 2016, with 112,600 lives in medical plans, 85,000 in dentistry and about 100,000 in occupational health, and more than R$500 million reserved for acquisitions in 2023-2024.

Transaction rationale

This acquisition aims to scale Care Plus in dentistry, a low ticket segment and low accident rate: the dental portfolio jumps from 85,000 to 270,000 lives and the operator opens itself to less affluent audiences, in a market in which only 15% of Brazilians have dental insurance. Inpao's partners prioritize cultural compatibility and the long-term horizon of an unlisted buyer.

View sector: Healthcare

Some operations conducted by JK Capital are not disclosed due to buyer and/or seller strategy.