Peruvian company Auna raises US$360 million on the New York Stock Exchange

The Peruvian company Auna raised US$360 million through an initial public offering on the New York Stock Exchange, the largest financial market in the world. This makes it the first Latin American health services company to be listed on the US stock market.

“Auna’s listing on the New York Stock Exchange today is an important milestone for our company and reaffirms our mission to transform healthcare in Latin America,” said Jesús Zamora, executive president of the company.

The executive added that there is a marked increase in the provision of medical services among the population of the region, especially Mexico, Colombia and Peru.

“Our debut on international stock markets is also the culmination of the hard work and dedication of the doctors, nurses, managers and many other colleagues who have helped create one of the largest and most modern healthcare platforms in the region” , he added.

On March 22, 2024, Auna, whose brand is its ticker on the Stock Exchange, issued more than 30 million class A shares at a price of US$12.

At the end of 2023, the Auna network included 31 health network establishments (hospitals, outpatient clinics, prevention and wellness centers) with a total of 2,308 beds, and 1.3 million health plans.

“We provide access to improved healthcare in underserved markets in the region,” concluded Zamora.

“As we expand, we will continue to prioritize prevention and focus on the highly complex diseases that contribute the most to healthcare costs, while continuing to remain patient-centered and committed to the highest standards of care, quality and safety.” , he assured.

In 2023, Auna presented revenues of US$1,050 million and an adjusted EBITDA (financial indicator of gross operating profit calculated before deducting financial expenses) of US$223 million, which is equivalent to increases of 58% and 90%, respectively.

In the case of the New York Stock Exchange, Auna is supported by Mexico’s proximity economy and a healthcare market in Latin America of approximately US$313 billion, which is projected to reach US$469 billion in 2028.

The offering would settle on or about March 26, 2024, subject to customary closing conditions. Auna has given the underwriters a 30-day option to purchase up to an additional 4.5 million Class A shares at the initial price.