Add-on Acquisition • Healthcare Services

Hellenic Healthcare Group Acquires Hygeia SA

On July 5, 2018, Hellenic Healthcare Group acquired healthcare services company Hygeia SA from MIG Holdings for 204M EUR

Acquisition Context
  • This is Hellenic Healthcare Group’s 2nd transaction in the Healthcare Services sector.
  • This is Hellenic Healthcare Group’s largest (disclosed) transaction.
  • This is Hellenic Healthcare Group’s 2nd transaction in Greece.

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M&A Deal Summary

Date July 5, 2018
Target Hygeia SA
Sector Healthcare Services
Buyer(s) Hellenic Healthcare Group
Sellers(s) MIG Holdings
Deal Type Add-on Acquisition
Deal Value 204M EUR

Target Company

Hygeia SA

Athens, Greece
Hygeia SA is a provider of private hospital units in Greece, with a portfolio of 4 hospitals (3 in Greece and 1 in Albania) and a total licensed bed capacity of 1,219 (999 in Greece) with 52 operating theatres, 19 delivery rooms and 10 Intensive Care Units. Hygeia Group consists of 3 main divisions: Hospital Services (general & maternity hospital operations), Primary Care and Commercial Activities. Hygeia SA was founded in 1970 and is based in Athens, Greece.
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Buyer Overview 1

Buyer

Hellenic Healthcare Group

Athens, Greece

Category Company
Sector Healthcare Services
DESCRIPTION

Hellenic Healthcare Group is is a private hospital operator. The group has six hospitals: Metropolitan Hospital, Metropolitan General, Hygeia Hospital, Mitera, Leto and Creta Interclinic. Hellenic Healthcare Group is based in Athens, Greece.


Deal Context for Buyer #
Overall 2 of 2
Sector: Healthcare Services 2 of 2
Type: Add-on Acquisition 2 of 2
Country: Greece 2 of 2
Year: 2018 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 IASO General SA

Cholargos, Greece

IASO General SA is a full-scale private medical provider in Central and Northern Athens with 239 beds, 20 ICU beds, 11 surgery suites, 500 skilled employees and over 500 collaborating doctors. IASO General was founded in 1978 and is based in Cholargos, Greece.

Buy -

Seller Profile 1

SELLER

MIG Holdings

Athens, Greece

Category Private Equity Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

MIG Holdings is a publicly traded investment firm focused on private equity-related investments, as well as investments in privatizations and infrastructure projects. The Firm looks to fund consolidations and other situations where the firm can extract value. Areas of interest include food & beverage, financial services, leisure/hospitality, shipping, IT, real estate and healthcare. MIG Holdings was initially formed in 1998 and became public in 2007. The Firm is located in Athens, Greece.


Deal Context for Seller #
Overall 4 of 7
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 3 of 4
Country: Greece 4 of 7
Year: 2018 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Skyserv

Athens, Greece

Skyserv is a ground handling services provider in Greece, present at 37 Greek airports (out of 39 in total), offering a full spectrum of ground handling services, both in open and in restricted access services, focused on reliability, high safety standards and premium quality of service. In 2012, the company serviced approximately 82,000 flights carrying more than 10.5 million passengers. Skyserv is based in Athens, Greece.

Sell €18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Attica Group

Kallithea, Greece

Attica Group is a holding company with expertise in quality shipping, transportation and leisure. As the owner of the two leading ferry operators in Southeastern Europe, Superfast Ferries (leading ferry operator in the Adriatic Sea and Crete routes) and Blue Star Ferries (leading ferry operator in the Aegean Sea routes), Attica Group owns and operates modern, fast, cruise-class car-passenger ferries providing year-round transportation services for passengers, private vehicles and freight. Attica Group was incorporated in 1918 and is based in Kallithea, Greece.

Sell -