Aberdare Ventures Invests in Brazilian Pharmacy Benefits Firm (Latin America)

Source: The New York Times  |  Author: Vinod Sreeharsha

Healthcare-focused venture capital firm Aberdare Ventures and U.S.-based hedge fund Valiant Capital Management have jointly acquired a 45 percent equity stake in Brazilian pharmacy benefits company ePharma for an estimated BRL169 million (approximately US$74.6 million). Founded in 1999, ePharma serves as an intermediary between health insurance companies, employers and pharmaceutical companies.