Brazilian Jorge Moll’s Passion in HealthcareNovember 13, 2017 - Author: steph
Jorge Moll is a Brazilian citizen in his early 70s and lives in Rio de Janeiro. He is a successful entrepreneur who trained as a cardiologist and began his career in 1977 when he first founded diagnostic imaging company. Jorge with his aggressiveness in hospital matters expanded it until now is it the most significant laboratory operators and hospital across Brazil.
Currently, the company has more than 24 hospitals with over 4 000 beads spread in all parts of Brazil. Jorge Moll sold out its subsidiary laboratory in 2010 to Fleury SA, a publicly traded company and the provider of medical services in Brazil for $414 million. In 2010 also he purchased Sao Luiz Hospital based in Sao Paulo. The deals were mainly funded by Andre Estevez from BTG Pactual Banks through convertible debentures. Know more about Jorge at Crunchbase.
Jorge Moll sold part of the company stake to GIC Group in 2015 and Carlyle Group in 2010. Majority of Jorge Molly`s Fortune is from his hospital company. The Carlyle group bought 8.3 percent of stake while Singapore Sovereign wealth fund bought 11.7 percent of the stake. The annual revenue of all the independent hospitals owned by Jorge Moll is estimated to be $1.7 billion according to the annual report from company`s website in 2015. It has about 35 hospitals spread throughout in Brazil and has more than 5 000 bed spaces. The hospital has well-furnished emergency rooms and 30 oncology clinics. The company received more than 2 million patients each year. Learn more about Jorge Moll at Google Scholar.
After selling part of the company`s stake, Jorge Moll currently holds 59 percent of the shares by Dec 14, 2015. The press interviewed him outside his offices. The overall value of the company is estimated through price to earnings of the main three public traded peers: Healthscope, Gennoma Lab International and Instituto of Diagnosis. In 2014, he resigned as CEO of the company and took over the position as chairman of the Board. Jorge Moll as mentioned above is a cardiologist who attended University of Federal de Rio De Janeiro for his master’s in public health. Jorge Moll has a wife and nine children, and all lived in Rio de Janeiro.
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