Hapvida turnaround will finish by 2028, CEO says

Hapvida Participações e Investimentos expects to complete its corporate turnaround by 2028. Speaking publicly for the first time as chief executive, CEO Luccas Adib said that delivering consistent quarterly results is critical to regaining investor confidence after recent financial disappointments.

The healthcare provider reported a 95.8% drop in adjusted net profit for the second quarter of 2026. Adib noted that higher-than-expected litigation costs severely hit bottom-line performance, while revenue and operational costs remained broadly aligned with market forecasts.

Adib took office in April 2026 as the first CEO without the founding Pinheiro family surname, having spent seven years at the company in finance and technology leadership roles. During his first months leading the workforce of 120,000 employees, he replaced most of the executive suite and created a dedicated multi-year strategy role.

Management sees no immediate need to raise funds in capital markets over the short or medium term. Adib highlighted that Hapvida holds a robust cash position, with debt amortizations comfortably spaced across the next two to three years as restructuring benefits emerge in 2027.