STOCKHOLM, May 10, 2019 /PRNewswire/ -- The earlier
announced acquisition of Neomedic, a leading neonatology and
obstetrics hospital group in southern Poland, is completed.
Neomedic operates three hospitals with surrounding outpatient
and primary care clinics. In addition, Neomedic operates ambulatory
centres focused on obstetrics. The first hospital of Neomedic was
established in 2001 in Kraków and it has since then shown strong
organic growth. In 2018, 7,600 babies were born in its
hospitals.
Neomedic was acquired for 70.5 MEUR and reported revenue of 27.1
MEUR for 2018. Its profitability will contribute positively to
Medicover and the transaction value implies a high single digit
EBITDA multiple, including synergies, which are expected to be
realised within 12 months. The acquisition will be funded with
current committed debt facilities and is expected to be accretive
in 2019.The acquisition will be consolidated from mid-May.
For further information, please contact:
Hanna Bjellquist, Head of Investor Relations
+46-703033272
hanna.bjellquist@medicover.com
This information is information that Medicover AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation
and the Securities Markets Act. The information was submitted for
publication, through the agency of the contact person set out
above, at 18.20 CEST on 10 May
2019.
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 and laboratories and the largest markets are
Poland and Germany. In 2018, Medicover had revenue around
€672 million and 20,970 employees. For more information, go
to www.medicover.com
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The acquisition of
Neomedic completed
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