Auna, a healthcare services provider that operates in three Latin American countries, filed an initial public offering (IPO) on the New York Stock Exchange on Tuesday.

The company, founded in Peru in 1989, plans to issue class A shares, but did not disclose the expected size of the offering or how much it intends to raise.

Auna operates 15 hospitals with 2,301 beds in Mexico, Colombia and Peru, in addition to offering medical and dental insurance, as well as oncological treatments.

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The company, controlled by Peruvian private equity firm Enfoca, is the main health insurance provider in Peru, with a market share of 29.3%, according to the document filed with the United States Securities and Exchange Commission.

In all of 2022, Auna reported revenues of $646.3 million with a net loss of $20.2 million. At the end of September 2023, the company’s liabilities amounted to US$1.51 billion.

Proceeds from the stock offering would be used to pay down debt and other general corporate purposes, the company said.

Analysts of Renaissance Capital They estimate that the IPO could raise up to US$200 million.

Morgan Stanley, JPMorgan, BTG Pactual, Santander, Citigroup and HSBC will coordinate the offering.

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