STOCKHOLM, Nov. 5, 2021 /PRNewswire/ -- Medicover has signed
an agreement to acquire CDT Medicus Group (CDT), a leading regional
provider of medical services operating in the South Western Polish
region of Legnicko-Glogowski Okreg Miedziowy (LGOM). The
transaction is subject to customary merger control approvals and
closing is expected in early 2022.
CDT was established in 1992 and operates two hospitals, 13
outpatient clinics (mainly focused on primary care), three
diagnostic laboratories, and is lead by an experienced management
team with 1,000 employees. CDT operations are financed with around
60% NHF financed outpatient and inpatient services, 35%
Fee-For-Service, and the balance being corporate contracts or
insurer paid. The LGOM region is a densely populated area with
proximity to over 500,000 people.
Medicover acquires 100 per cent of the voting rights for 54 MEUR
including assumed debt. The transaction value implies a low
double-digit EBITDA multiple, excluding synergies. Revenue for 2020
amounted to 22 MEUR. The acquisition will be funded with current
committed debt facilities and will be accretive in 2022. Synergies
are expected to be realised over 2022 and subsequently as the
operations are integrated to Medicover's other Polish
operations.
"With this acquisition we are strengthening our offering in the
Healthcare Services division and in the LGOM catchment area with
good quality healthcare and a foundation to further growth. I'm
pleased to welcome CDT Medicus Group and its employees to the
Medicover family", says Fredrik Rågmark, CEO.
For further information, please contact:
Hanna Bjellquist, Head of
Investor Relations
+46 703 033 272
hanna.bjellquist@medicover.com
The information was provided for publication by the
abovementioned contact person at 08.00 CET on
5 November 2021.
Medicover is a leading international healthcare and
diagnostic services company and was founded in 1995. Medicover
operates a large number of ambulatory clinics, hospitals,
specialty-care facilities, laboratories and blood-drawing points
and the largest markets are Poland
and Germany. In 2020, Medicover
had revenue of EUR 998 million and
more than 32,000 employees. For more information, go to
www.medicover.com.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/medicover/r/medicover-acquires-cdt-medicus-group-in-poland,c3447751
The following files are available for download:
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https://mb.cision.com/Main/15662/3447751/1491816.pdf
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Medicover aquires CDT
Medicus Group in Poland
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