Sulamérica pays R $146 million by Prodent

The insurance SulAmérica announced on Monday, 8, the purchase of 100% of the company Prodent, dental assistance. The transaction was completed by R $145.7 million as anticipated the associated press/Broadcast. With the acquisition, South America jumps to about 1.5 million users of dental health. The Prodent, founded in 1989, is the eighth carrier in the industry, according to South America. In 2017, the Prodent registered operating income of R $100 million. The transaction still depends on approval of the Administrative Council for economic Defense (Cade) and National Health Agency (NSA). The country's largest independent insurance, SulAmérica ended the second quarter with a profit of $135 million and operating income of R R $5.01 billion. The Prodent was advised by BTG and SulAmérica by Olimpia Partners.