On October 21, 2023, Conexa Health, one of the leading technology platforms for telemedicine in Brazil, entered into an strategic merger with Zenklub, a Portuguese online mental healthcare services company with operations in Brazil. Wilson Sonsini Goodrich & Rosati advised Conexa Health on the transaction.

The business combination between Conexa Health and Zenklub will result in the formation of one of the largest digital health companies in Latin America with a powerful synergy in the integration of physical and mental health care. Conexa Health will benefit from the strengthening of the team and business developed by Zenklub and will have an even more diversified investor base, including Goldman Sachs, General Atlantic, Igah Ventures, Kamaroopin (Pátria), Indico Capital Partners, All Iron Ventures, and Good Karma Partners. As a result, the current shareholders of Zenklub will directly hold a significant stake in Conexa Health’s capital. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close beginning of 2024.

The Wilson Sonsini team that advised Conexa on the transaction includes:

Corporate - Latin America
Matt Squires
Cesar Fischer
Luis Fortuño

Mergers & Acquisitions
Brendan Ripley Mahan
Andrew Lombardo

For more information, please see coverage from Latin Lawyer and Grit Daily.