A 75 percent stake in Medicom Systems S.A. has been sold by Eureko B.V. to Global Finance Fund South Eastern Europe Fund L.P. Medicom Systems is the holding company for Euroclinic Athens and Euroclinic Children. Eureko is also the parent company of Greece’s Interamerican health insurance company. According to the agreement, Global Finance will acquire the controlling interest of the Medicom Systems, while Eureko retains a 25 percent stake.
Still subject to the Greek Competition Authorities approval, the transaction does not include Athinaiki and Medifirst. The two companies plan to develop health care products and services after having agreed to form a long term partnership that will further invest in Medicom Systems.
EuroClinic (www.euroclinic.gr)
Euroclinic, the leading general hospital in Athens, operates three clinics. The hospital employs 1400 physicians, organized into three distinct departments: diagnostics, surgery and pathology. The modern facilities include MRI and CT machines. In addition, the hospital has the ability to perform cardiac surgeries on the premises. Besides its Athens operation, Euroclinic also operates Euroclinic Children’s Hospital and Euroclinic Bucharest.
Global Finance (www.globalfinance.gr)
Founded as an independent investment firm in Athens in 1991, Global Finance works as a private equity and venture capital firm in South-Eastern Europe. The company’s portfolio includes investments into 70 companies in 11 nations, ranging manufacturing, IT, retail, media, real estate and telecommunications firms.
04/08/2008
Central & Eastern Europe, Greece, Healthcare Service & Pharmaceuticals, Investment, Private Equity News