General Atlantic to Invest $160m in Mexico’s Hospitales MAC (1)

General Atlantic will invest about 3 billion pesos ($160 million) in Mexican hospital operator Hospitales MAC as it seeks to expand operations in the country.

US private equity firm General Atlantic, which has invested $1.6 billion in Mexican companies since 2014, will help Hospitales MAC accelerate expansion plans and invest in technological infrastructure, it said in an emailed statement on Tuesday.

The deal will give General Atlantic a minority stake “north of 20%”, said Luis Cervantes, General Atlantic’s managing director in Mexico, in an interview. The private hospital sector in Mexico is an “attractive market opportunity” because of ...