PPF Group has announced a new acquisition to add to its health care business portfolio. The investment group’s PPF Healthcare a.s. has agreed to acquire Czech hospital and clinic owner Euroclinicum for an undisclosed amount. Once approval is given from the Czech government the deal is expected to be completed, bringing Euroclinicum’s two hospitals and five policlinics into the PPF family. Also included in the deal are Euroclinicum’s business management and service operations.
Euroclinicum
Euroclinicum is a business management company specializing in the field of hospital and medical clinic operations. It owns and operates facilities in the Czech Republic including hospitals in Prague-Vysocany and in Zlin, and policlinics in Usti nad Labem, Ceske Budejovice, Pardubice, Prelouc and Slany.
For the 2007 fiscal year the company reported total assets of just over CZK 802 million; total sales were in excess of CZK 23.2 million with turnover of CZK 23.8 million.
PPF Group (www.ppf.cz)
PPF group was established in 1991 in the Czech Republic and has since grown into one of the largest investment groups in CEE.
Based in Amsterdam, PPF Group is a financial services company active in private and commercial banking in Central & Eastern Europe, Russia, the CIS, and Asia. Additionally PPF makes private equity and real estate investments. Strategic investments are carried out by the group’s holding company PPF Group N.V., also based in Amsterdam. In addition to the company’s full ownership of Home Credit B.V., it’s also part owner of JV Generali PPF Holding, PPF banka a.s., and PPF a.s.
19/11/2009
Central & Eastern Europe, Czech Republic, Healthcare Service & Pharmaceuticals, Investment, Private Equity News