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Chile: Carlyle Group makes new offer for EMV – Founders ask for vote to be delayed

By  |  April 18, 2017

US-based investors The Carlyle Group have been outed as interested parties in snatching up the assets of healthcare chain Isapre-Masvida, creating a rift within the latter’s board, which was in advanced talks with rival Nexus.

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    Carlyle Group, which owns local companies Doggis, Juan Maestro and Mamut, has said it will formally communicate their offer to EMV’s directors, seeking to take over Masvida, Isapre and the entirety of their passive and active assets and clinics, with a value estimated at $150 bn pesos (approx. $232.4 million US), to be paid in cash.

    The proposal arrives at a tense time for EMV’s board, which is divided over those who have pushed for the Nexus deal and board members from the Concepción region, who have not looked kindly on Nexus’ offer. This partly due to what they consider a low offer of $35 bn ($54 million US) for the Mas Vida affiliates portfolio, as well as for the short timetable and tight deadline given to respond and study the offer.

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