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Autoridade da Concorrência

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Merger control
Case reference
Ccent/2024/91 - Luz Saúde*C2 Capital Partners/Infrapetagi*HL
Acquiring
C2 - Capital Partners, SCR, S.A.
Description
Its main purpose is the management of venture capital funds, specialized alternative investment funds and other funds. MedCapital is a venture capital fund, managed by C2 Capital Partners.
Acquired
HL - Hospital de Loulé, S.A.
Description
It has exclusive control over the Hospital de Loulé and the companies (i) Saúde Cubista, which operates the Clínica Internacional de Olhão; (ii) Justcare, which operates Clínica Internacional Vilamoura; (iii) CCA, which operates the Centro Clínico de Almancil; (iv) HL Plaza, which operates the Clínica Internacional de Tavira; and (v) Horizonte Rigor.
Acquired
Infrapetagi, S.A.
Description
Holding company of the companies Centro do Bebé – Universo Centro, S.A., which operates the “Centro do Bebé” clinic in Lisbon, and Centro do Bebé – Universo Norte, S.A., which operates the “Centro do Bebé” clinic in Porto.
Acquiring
Luz Saúde, S.A.
Description
Company that operates in the healthcare sector in the Portuguese market, offering its services through a network of 30 units located in mainland Portugal and the Autonomous Region of Madeira.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
  • ERS - Health Regulatory Entity
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation consists of the acquisition, by Luz Saúde, S.A. (“Luz Saúde”) of joint control, with C2 MedCapital – Fundo de Capital de Risco Fechado (“MedCapital”), managed by C2 – Capital Partners, SCR, S.A. (“C2 Capital Partners”) of Infrapetagi, S.A. ("Infrapetagi") and HL – Hospital de Loulé, S.A. ("HL"), as well as its respective subsidiaries.
Timeline
2025-05-30
Phase I Decision - The AdC issued a non-opposition decision to the merger 91/2024 - Luz Saúde*C2 Capital Partners/Infrapetagi*HL.
2025-05-22
Publication of the announcement - On 05/22/2025 - Introduction of substantial changes to the operation: acquisition of GHB - Grupo Hospitalar das Beiras is no longer part of the operation's perimeter.
2024-12-30
Luz Saúde and C2 MedCapital notify the acquisition of joint control over Grupo Hospitalar das Beiras, Infrapetagi and Hospital de Loulé.
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