August,2019. EY Law represented Sanford Health in the acquisition of a minority
participation in Hospital Metropolitano and affiliates. Sanford Health is one of the
largest health systems in the United States dedicated to the integrated delivery of
health care, genomic medicine, senior care and services, global clinics, research
and affordable insurance.
Grupo Montecristo serves as a parent company for several companies operating in
the Costa Rican private health sector such as Hospital Metropolitano, Medismart
(pre-paid health care system), Laboratorios Páez (laboratories), Servicios Dentales
Doctores Dent (dental professionals), among others.
In addition to becoming a partner of this important group, Sanford will be making
important contributions related to its specialized medical and technological know-
how.
Hernán Pacheco, Lead Partner and Magda Morales, Manager at EY Law, were the
professionals who participated in the innovative transaction, which included not only
the due diligence, negotiation and drafting of closing documents and shareholders
agreement, but also a component of commercial and technology agreements that
will allow the target to provide last generation technology for the benefit of its patients
and operations.
Consortium Laclé & Gutiérrez on behalf of Grupo Montecristo, was also involved in
the transaction.
With this acquisition, our client Sandford Health will share its knowledge and best
practices to be implemented locally and both parties will increase its reach and
further strengthen its presence and recognition in the country.
The transaction was aimed to expand current operations and provide a higher level
of specialization in the administration of health services in Costa Rica.
About Sandford Health
Sanford Health operates 44 hospitals, 482 clinics and 200 medical care centers in
the United States of America and other countries. Also, possesses a wide knowledge
and experience in a successful administration of health care services.