H&E Daily "Sabin's expansion agenda (FLRY=); COGN/YDUQS/ANIM: ongoing..."

研报英文原文证据摘录

H&E Daily "Sabin's expansion agenda (FLRY=); COGN/YDUQS/ANIM: ongoing..."

Global Research

7 July 2026ab

H&E Daily Equities

Latin AmericaSabin's expansion agenda (FLRY=); COGN/

YDUQS/ANIM: ongoing sector pricing Healthcare

challenges (-); AI solutions in healthcare Leonardo Olmos,AnalystCFA

(RDOR+) leonardo.olmos@ubs.com+55-11-9658 7533

Eduardo Resende

Associate Analyst

eduardo.resende@ubs.com

Healthcare +55-11-2767 6015

FLRY: Sabin targets digital expansion and R$80mn investments in 2026 - neutral

Grupo Sabin plans to expand its healthcare network with a focus on technological

innovation, with R$80mn in investments planned for this year. After opening its first

fully digital unit in Brasília, the company intends to launch 16 additional units this

year, 4 of which will follow the digital model or adopt a hybrid format. Currently,

Sabin operates 362 units across 78 cities in 14 states, in addition to the DF. Beyond

the new openings, Sabin also plans to invest in expanding its home-collection

service, which recorded 25% growth last year. The company reported 11% revenue

growth in 2025 (reaching R$2bn in revenue) and expects to grow 12% in 2026.

UBS's view: We see limited competitive implications for FLRY from Sabin’s expansion

plans, given the relatively modest geographic overlap between the two companies.

Sabin’s growth strategy is more focused on regional hubs that are still not widely

explored by larger diagnostics players. Most sensitive regions with overlap are

Salvador and now Campinas (following the acquisition of Confiance lab by Fleury).

RDOR: AI solutions in healthcare aim to prevent hospital revenue losses

Revena, BZ startup that offers AI solutions to automate hospitals’ revenue cycle