M&A Deal Summary

Medicover Acquires NEOMEDIC Spółka Akcyjna

On February 18, 2019, Medicover acquired healthcare services company NEOMEDIC Spółka Akcyjna from Innova Capital for 70M EUR

Acquisition Highlights
  • This is Medicover’s 2nd transaction in the Healthcare Services sector.
  • This is Medicover’s largest (disclosed) transaction.
  • This is Medicover’s 1st transaction in Poland.

M&A Deal Summary
Date 2019-02-18
Target NEOMEDIC Spółka Akcyjna
Sector Healthcare Services
Buyer(s) Medicover
Sellers(s) Innova Capital
Deal Type Add-on Acquisition
Deal Value 70M EUR

Target

NEOMEDIC Spółka Akcyjna

Kraków, Poland
NEOMEDIC Spółka Akcyjna is a neonatology and obstetrics hospital group. NEOMEDIC offers specialized hospital care in neonatology, obstetrics, gynaecology and others. NEOMEDIC Spółka Akcyjna is based in Kraków. Poland.

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Buyer(S) 1

Buyer

Medicover

Stockholm, Sweden
Category Company
Founded 1995
Sector Healthcare Services
Employees45,316
Revenue 1.7B EUR (2023)
DESCRIPTION

Medicover is an international healthcare and diagnostic services company. Medicover operates a large number of ambulatory clinics, hospitals, specialty-care facilities, and laboratories and the largest markets are Poland and Germany. Medicover was founded in 1995 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 1 of 2
Country (Poland) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 INVITRO - Laboratory Operations

Ukraine

INVITRO LLC - Laboratory Operations consist of a total of 61 blood drawing points (BDP’s) and one laboratory, focused on eastern and central Ukraine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 DDent MVZ

Norderstedt, Germany

DDent is a chain of 16 mid-size dental clinics with 73 chairs and a dental lab in Northern Germany. DDent was founded in 2017 and is based in Norderstedt, Germany.

Buy -

Seller(S) 1

SELLER

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.

DEAL STATS #
Overall 24 of 27
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 8 of 10
Country (Poland) 17 of 19
Year (2019) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-24 Oshee

Malopolska, Poland

Oshee is a Polish distributor of sports and functional drinks and snacks, active across several product categories related to health and fitness. Oshee is based in Malopolska, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Drukarnia Embe Press

Lublin, Poland

Drukarnia Embe Press is a supplier of labels and flexible packaging for the beverage and food industry. Embe Press specializes in the manufacturing of labels utilizing flexographic printing technology, providing printing services, among others, for customers from the beverage and food industry in Poland and abroad. Drukarnia Embe Press is based in Lublin, Poland.

Buy -
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