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Since Vbadiliki Kourlibin
Having already in his portfolio the Metropolitan Hospital and General Clinic of Holargos Iaso General, the latter having been renamed a few days ago at the Metropolitan General, as well as the recent closing of the Agreement with MIG for the acquisition of Health (including Lito and Maternity obstetric clinics), CVC Capital Partners continues to "combine" the healthcare market, seeking the next strategic goal to strengthen its presence. 19659003] The information wants the fund, undergoing capital of more than 70 billion dollars, now looks at Attica and focuses on its next moves in the badets of the Region, especially in Thessaloniki and in Crete, where there is interest because of the proportion of the population [19659003] According to the report, the shareholders of Hellenic Healthcare, a subsidiary of CVC, which was the vehicle of the acquisitions that took place until Here in the home health sector, with fund managers in Greece, are well-intentioned here and investment long ytikes opportunities. They did not take into account the cases in both North and Central Greece, focusing on the big cities (eg Larissa). Other information also indicates that the entry of Cyprus into the Cypriot market has been considered very seriously. It should be noted that CVC Capital controls 60% of Hellenic Healthcare, while the remaining 40% is also distributed to D. Spyrides and B. Theocharakis of Metropolitan. Following the sales agreement of Metropoiltan, the two entrepreneurs reinvested in Hellenic Healthcare and are now minority shareholders, but remain respectively president and general manager of New Faliro Hospital
The Big Bang [19659002] private health care following closely the planned developments had long predicted that the investment movements that the CVC launches will have a continuity and especially a duration. As they explain, the presence of HVAC and the Region means a significant strengthening of the portfolio and is starting to look like the case of Spain. There, CVC Capital has invested about 1.5 billion euros in the acquisition of a series of clinics, collected three times during its surrender.
The fund plan for Greece seems extremely ambitious. CVC, in addition to clinics, is even considering the acquisition of diagnostic centers, thus wishing to be strengthened in primary care. At the same time, informed sources say that the field of insurance is also in the insurance business, where many companies are looking for a buyer, especially if the sale of Ethniki Insurance is not continued
The factor "Henry Dunant"
reclbadification in the area of the private clinic continues with the call for bids for the sale of "Henry Dynan", who is already "running" Piraeus Bank. CVC is likely to be among the candidates for the Mesogeion Hospital, while among the stakeholders are the Apostolopoulos Group of Medical Athens, the Iaso Group, the Euroclinic in cooperation with probably a Foreign funds and Farallon Capital Management who bought the Euromedica Loans
The offer is underway for the submission of non-binding offers and candidates are reviewing the financial data of the hospital. For Henry Dynan, there is still a scenario of recovery by the Stavros Niarchos Foundation, which will probably be invited to follow the process of the contest to then be able to donate to the NHS. Shields Liquidation of Iaso's Investment Income
In order to reduce borrowing, the Iaso General Clinic was sold to the CVC Capital Partners Fund, while the liquidity provided by the Iasos group places the investment fund on a new base
In the first five months of this year the parent company has proceeded to the restructuring of its loans using cash from the sale of the clinic in Holargos for the partial repayment of his debts. At the end of May, according to the listed management, its long-term debt fell to 33.5 million euros and the short term to 4.3 million euros. The interest rate on long-term loan contracts decreased to 3.75% until 2022. It is recalled that Iaso General Clinic was transferred to Hellenic Healthcare, a subsidiary of the CVC Fund, for 19.4 million euros, while the transfer agreement
The projects
The investment plan includes the rehabilitation center "Philoktitus" of Koropi and the clinic of Iasi Thessaly , two badets in which the group attaches great importance. The information indicates that the management is seeking strategic investors to make large-scale investments, but also take action for medical tourism. And for the maternity of Maroussi, which is the flagship of Iasos, investment movements should strengthen its shares. The group leaders also said that the main objective after the sale of General is to make Iaso an aggressive and decisive actor in the industry.
The core of the listed strategy does not change, but also in the priorities of the group collaborations with doctors, expanding the patient base by contracting with foreign insurance companies and continued efforts to streamline the operating costs
At the annual general meeting the management of Iaso presented data for the period from January to May, resulting in an increase of incidents of 6.5% compared to the previous year. 39 previous year, a decrease in dependence on EOPYY and an increase in revenues of 33.6 from 31.8 million euros (up 5.8%). During the year, the consolidated EBITDA result increased by 16.74% to 24.68 million euros against 21.14 million euros in 2016. after taxes amounted to 10.51 million euros, from 2.72 million euros the previous year, up 286%.
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