Enterprise Investors (EI), a Polish and CEE-focused investment firm has acquired a minority stake in Nu-Med – a radiotherapy centre based in Elblag in Northern Poland. The acquisition was made through its PEF VII, and may see the company consolidating its medical acquisitions in Poland to create a network of specialized health care centres across [...]

As the investment period of JEREMIE I is slowly approaching its deadline with nearly half of the available funds still waiting to be invested; exciting, new investments arise. Like that of StressIndex: the Hungarian company specialized in stress management received nearly USD 500,000 from the JEREMIE funded Euroventures. The interesting thing about this is that, “hot issues” like workforce productivity and nonmedical [...]

Dubai-based Abraaj Capital – and the largest PE firm in the Middle East – is considering the sale of its equity in Turkish health insurance unit Acibadem Sigorta. The JV is jointly held (50:50) by Abraaj and the founder of Acibadem Group - Mehmet Ali Aydinlar. Abraaj has already sold its stake in Acibadem Saglik – [...]

Baxter Ventures, set up by global healthcare provider Baxter International, is investing EUR 2 mln in a EUR 4 mln round of financing (series A) in Zytoprotec. The Viennese biotechnology company is developing an innovative cytoprotective compound for peritoneal dialysis (PD).  Zytoprotec has previously attracted investments of up to EUR 6.7 mln from various institutional and [...]

Sperco Ukraine, the Spanish-Ukrainian pharmaceutical company looks to improve its manufacturing and commercial practices due to a capital infusion secured by Dragon Capital‘s European Virgin Fund (EVF). EVF teamed up with Sperco’s Spanish parent company, Ucrafarma in a shared management joint venture, under the legal enitity of Lux Pharma Participations Sa, Luxemburg. The holding company [...]

Scitech Holding, a leading player in the international market for sports nutrition, has taken on board Enterprise Investors and Morgan Stanley Alternative Investment Partners as significant minority stakeholders in a recent transaction. The acquisition of equity will enable the target company to continue its successful growth path of the past two decades. The Morgan Stanley [...]

The investor group that consists of the International Finance Corporation (IFC), ADM Capital and the Dutch pension fund PGGM has decided to divest its interests in Turkey-based Universal Saglik Yatirimlari (Universal Hospital Group); the original investment was made in May 2011 and amounted to USD 140 mln for a 26 per cent stake, of which 4.6 [...]

Netherlands incorporated fund Blue Sea Capital has acquired Belgrade-based Serbian healthcare provider ‘Dom Zdravlja Dr Ristić‘. The deal came within Blue Sea’s EUR 15 mln investment limit, and the outpatient medical services company has a turnover of less than EUR 30 mln. Dom Zdravlja Dr Ristić (www.dr-ristic.com) Dom Zdravlja Dr Ristić was founded in 1994 and has since [...]

Bupa, one of the world’s most well-known healthcare providers, has made a successful bid to buy the largest network of hospitals in Poland – Lux Med. The EUR 400 mln deal was the only contending offer from within the industry in the final negotiation phase, with BridgePoint, BC Partners and others being outside competitors for [...]

ARX Equity, a CEE-centric PE firm, has sold its stake in Lexum, a Czech and Poland-based group of hospitals specializing in eye care. The exit comes three years after ARX acquired Czech-based Lexum in 2009 through a management buyout, and two years after a bolt-on acquisition of Polish group Lexum-Medica. The strategic buyer in the [...]

JEREMIE winner DBH Investments has invested HUF 80 mln in the developers of Hand-in-Scan, medical hygiene tool that checks the efficiency of hand sterilization in the hospital environment. The product has already won the LISAvienna MedTech Award for 2012, and is a unique tool that uses safe UV technology to objectively measure the quality of [...]

A group of investors comprising RTA Ventures, Point Nine Capital, Piton Capital and a private investor group funding DocPlanner.com, a Polish online scheduling service for dentists and doctors. The group of websites received an amount of EUR 750,000 (USD 1 mln), which will be used towards expanding the network of physicians and dentists to other [...]

Two major investment players – TVG Capital and CVC Capital – are in a neck-and-neck race to purchase up to 70 per cent in Medical Park, a Turkish chain of hospitals. Both companies are vying to buy the 40 per cent stake currently held by Carlyle, as well as an additional 30 per cent from [...]

Russia’s leading VC firm focused on internet businesses – AddVenture – has recently closed financing rounds in two diverse portfolio companies. Its first investment is with Delivery Club – a local online food ordering service already in AddVenture’s portfolio. This round of financing saw the firm injecting USD 4 mln in capital. The funds will [...]

Originally funded by Fast Lane Ventures, Russian healthcare content portal VitaPortal has taken on board two new investors – Prostor Capital and advisory board member Esther Dyson – in a USD 2 mln Series A round of funding. Offering a host of services, including health self-assessments, physician and hospital evaluations and other related services. The [...]

Mid Europa forges ahead with its consolidation plans for the laboratories industry in Central Europe with the recent SBO of Alpha Medical, a Polish lab network formerly owned by Penta Investments. The deal involves a 100 per cent stake sale by Penta, and adds to Mid Europa’s medical laboratory portfolio, currently consisting of a majority [...]

Dutch development bank FMO and regional PE fund managers Horizon Capital have made an equity stake acquisition in Biofarma, one of the Ukraine’s leading pharmaceutical houses that maintains a dominant position in organic drugs and plasma proteins in European markets. Biofarma is currently the only company in the country to be certified under Good Manufacturing [...]

Silesia in southern Poland will soon have a new radiotherapy center after the Polish Enterprise Fund (PEF) VII has committed to financing it with the assistance of the local medical university and a private company. As a precursor to the financing, Enterprise Investors‘ PEF VII will first acquire Center for Cancer Diagnostics and Therapy (CDiTO) from Warsaw [...]

CEE-centric PE fund Penta Investments is looking to increase its stake in Slovak healthcare group Dôvera by buying out the remaining 50 per cent stake from current co-investor Prefto Holding. The Slovak Anti-monopoly Office is yet to approve the transaction, as is the Healthcare Surveillance Authority. While Penta is keen on participating in the healthcare system as well as [...]

CEE private equity fund company PortfoLion has closed its exit from Cryo Management with the sale of the company to Vitrolife. The sale marks the first successful exit made by a VC company that is part of the JEREMIE I initiative, and is a landmark in the joint European funding program for SMEs. The Hungarian portfolio company gives Vitrolife [...]