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Sol continues its path of internationalization in the home care sector, strengthening itself in particular on the South American market. The Italian group, also active in the technical, industrial and medicinal gases sector, takes over control of Pronep, a historic operator on the Brazilian market.
Sol has already been active for some time on the local home care market through the Ppar Group companies, including Global care, Unit care and DN Global, as well as Bla and Jml, operating in the hospital business in São Paulo.
This latest operation sees the special purpose vehicle Airsol, wholly controlled by Sol spa, acquire 85% of the share capital of Pronep lar internacao domiciliar – a company based in Rio de Janeiro and active in the home care sector in the States of Rio de Janeiro, Sao Paulo and Espirito Santo – by the Elevate care international Brazil aggregator company, wholly controlled by the American private equity fund Halifax Group. The two Brazilian entrepreneurs and historical partners of the Sol Group, Euro Palomba and Luiz Tizatto, purchased the remaining 15%.
Founded in 1992, Pronepo recorded rapid business development in the state of Rio de Janeiro, then expanded into the states of Sao Paulo (1998) and Espirito Santo (2003), becoming one of the main Brazilian operators in the home care market . In 2018 it was acquired by the French multinational group Sodexo, which sold it in 2023 to the American fund Halifax Group.
In 2023 Pronep achieved a total turnover of approximately 227 million Reais, equal to approximately 40.7 million euros, serving approximately 2,500 patients, with a staff of 319 direct employees, working with over 40 insurance companies.