Emeis completed its Latin America exit, selling Brazil operations for €111m
Care operator emeis finished a divestment plan launched in 2024: Brazil sold for ~€111m, ending its Latin American presence to refocus on Europe.
What was changed
At the end of 2023, care operator emeis ran operations in Brazil, Mexico and Uruguay, held a minority investment in Chile, and operated nearly 1,500 beds across 15 facilities in the region, excluding Chile. In 2024 the group launched a broad divestment plan to withdraw gradually from Latin America.
With the sale of its Brazilian operations for approximately €111m, announced as completed in 2026, emeis exited all of its operational activities in the region. It still owns land reserves in Mexico and Colombia, whose sales are well advanced and expected to close by year-end for an anticipated ~€20m.
The exit removes a drag rather than a profit engine: the region recorded negative EBITDAR of €1.5m in 2025, and the divested operations' EBITDA contribution was not significant, making the transaction immediately accretive. The group also framed the sale as contributing to continued deleveraging.
In total, the transactions completed in the region, including the land reserves still to be sold, represent an enterprise value of approximately €132m — nearly 40% of which had already been collected by the end of 2025.
Why it worked
The regional footprint was small — about 1,500 beds across 15 facilities — relative to the complexity of running it from Europe.
The operations were value-destroying at the EBITDAR line, so exit proceeds went straight to strengthening the financial structure.
Sequencing mattered: operational sales first, then land reserves, with roughly 40% of proceeds already banked before completion.
What can be applied
Exit arithmetic gets easier when the losing unit is small: divesting a negative-EBITDAR region can be immediately accretive and still fund deleveraging.
Aftermath
The Brazil sale completed the operational exit; the remaining Mexican and Colombian land reserve sales were expected to be secured by year-end 2026 for around €20m.