Sodexo Expands Global Homecare Presence to Brazil, Acquiring a Majority Interest in Pronep
November 12, 2018
Sodexo, world leader in Quality of Life services, announces the acquisition of a majority interest in Pronep, a market leader providing quality Home Care services in Brazil, significantly expanding its global footprint in the rapidly-growing Brazilian market. The transaction is expected to close at the end of November, 2018.
Pronep, founded by Josier Marques Vilar, MD, is an industry pioneer with more than 30 years of experience in the Brazilian Home Care sector. With offices in Rio de Janeiro, São Paulo and Vitória, the company provides skilled care and monitoring and support services to over 1,000 seniors.
Sodexo Homecare's expansion into the Brazilian market is focused on elevating the quality of life of one of the world's largest and most progressively aging populations. By 2050, Brazil will have the world’s fourth-largest elder population, behind only China, India and the United States, and this is an opportunity to expand care to an underserved market.
Sarosh Mistry, Sodexo Home Care Worldwide CEO said: "We welcome Pronep to Sodexo. There is alignment in our corporate values and commitment to the communities in which we live and serve. Sodexo Home Care has developed a strong business in the U.S., France, Ireland, and the UK, and our entry into Brazil, our first in Latin America, is a chance to build upon the success Pronep has had in redefining the way care is delivered in the rapidly growing Brazilian market."
Josier Marques Vilar, MD, Pronep founder said: "Pronep is pleased to become part of the worldwide Sodexo Home Care family. Sodexo has an unmatched reputation as a leader in helping improve quality of care in the communities they serve, which supports our mission and ambitions of expanding our senior care throughout Brazil. The opportunity is extraordinary, and I am looking forward to working together to achieve Pronep’s ambitious growth plans."
About Sodexo Global Home Care
Founded in 2009, Sodexo Global Home Care fulfills on Pierre Bellon’s commitment to improve the quality of life of those in the communities we serve by providing quality home care that allows people the choice to recover and age in their own homes. Operating in 12 countries, Sodexo Global Home Care employs approximately 35,000 people and provides care for 32,000 clients. With the rapidly growing elder population, the preference to age in home, and the growing movement of care being delivered in the home, Sodexo Global Home Care is positioned well for future growth while elevating the quality of life of our clients.
To read the full version of the press release, please download the PDF.
- Press release (PDF)