Acquisitions30 Apr 2026, 08:01 pm
Poly Medicure acquires 100% stake in Brazil's MEDYNEO for R$180,000
AI Summary
Poly Medicure Ltd, through its wholly-owned subsidiary Polymed Brazil LIDA, has acquired 100% equity in MEDYNEO COMERCIO DE PRODUTOS PARA SAUDE LTDA (MEDYNEO) for a cash consideration of Brazilian Reais (R$) 180,000. The acquisition was completed on April 29, 2026, making MEDYNEO a step-down subsidiary. MEDYNEO, a company with no prior operations but holding all necessary licenses for importing and commercializing medical devices in Brazil, will enable Polymed Brazil LIDA to establish its business presence and distribution network in the region.
Key Highlights
- Poly Medicure acquired 100% equity in MEDYNEO COMERCIO DE PRODUTOS PARA SAUDE LTDA, Brazil.
- The total cash consideration for the acquisition was Brazilian Reais (R$) 180,000.
- MEDYNEO holds essential licenses for medical device commercialization in Brazil.
- The acquisition facilitates Poly Medicure's market entry and distribution in Brazil.
- MEDYNEO had no prior operations or liabilities, registered on July 24, 2025.