STOCKHOLM, Jan. 28, 2022 /PRNewswire/ -- Medicover's
acquisition of CDT Medicus Group (CDT), a leading regional provider
of medical services operating in the Southwestern Polish region of
Legnicko-Glogowski Okreg Miedziowy (LGOM) is completed. The
acquisition will be consolidated as of 28
January 2022.
Medicover acquired 100 per cent of the voting rights for 56 MEUR
including assumed debt. The transaction value implies a low
double-digit EBITDA multiple, excluding synergies. Revenue for 2020
was 22 MEUR. The acquisition will be funded with cash on hand 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.
CDT was established in 1992 and operates two hospitals, 13
outpatient clinics (mainly focused on primary care), three
diagnostic laboratories, and have 1,000 employees. CDT operations
are financed with around 60% National Health Fund 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.
For further information, please contact:
Hanna Bjellquist, Head of
Investor Relations
+46 703 033 272
hanna.bjellquist@medicover.com
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/the-acquisition-of-cdt-medicus-group-in-poland-is-completed,c3494507
The following files are available for download:
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https://mb.cision.com/Main/15662/3494507/1526749.pdf
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The acquisition of
CDT Medicus is completed
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