Unirea Medical Center continues investment following Advent takeover
According to Dr. Wargha Enayati, general manager for Unirea Medical Center, Advent International was chosen as partner from 12 other interested investors. With Advent taking over the 80 per cent package of shares, Dr. Enayati will retain control of the remaining 20 per cent. “In the upcoming years, we will extend our largest investment plan ever. The investment budget, worth 30 million Euro, will be directed firstly towards opening the first greenfield hospital in Bucharest specializing in surgery, representing an investment of 12 million Euro, and towards other projects that we are concentrating on,” Enayati explained. He added that the company is mostly focused on greenfield investments, and that “future developments will be financed from our own resources, as well as from loans and funds offered by our investors.”
Along with its plans to inaugurate the first surgical hospital in Bucharest, with a capacity of 100 beds, Unirea Medical Center is negotiating with various local medical operators the acquisition of clinics in some of the largest cities in Romania. One of the company’s latest achievements is the development of a clinic in Bacau, representing an investment of one million Euro. Unirea Medical Center Bacau is the company’s seventh clinic outside Bucharest.
Over the next two years, the company will concentrate on its existing investment plan, with Advent International as its main supporter and partner. “Our transaction with Advent represents a strong tool for growth and an opportunity to achieve our goals as soon as possible. The Unirea Medical Center management team remains unchanged, while our customers will continue to benefit from the same services. At the same time, we are able to continue our expansion albeit at a faster pace,” said Enayati. He added, “We chose this investment fund due to its experience on the local market and our common vision on doing business. I’ve known them for a long time. Our communication, establishing a common development plan, and harmonizing our interests were the most important aspects of this partnership.”
Believing in the future development and potential of the medical-services market-segment, Raluca Nita, manager for Advent International, told Business Arena Magazine that patients in Romania are very interested in high quality medical services and in high quality medical technologies in the shortest time possible. Therefore, Unirea Medical Center “has already built a platform of quality medical services, which we wish to extend locally and nationwide by inaugurating new clinics, hospitals and services. Advent International has a long history of investing in health care, pharmaceuticals and medical equipment in more than 35 companies worldwide. In the last two years we invested in health services in Germany and the UK, and now we are determined to look into this sector in central and eastern Europe. This transaction with Unirea Medical Center represents a platform for us to consolidate this market segment in Romania and, if given the opportunity, to create a regional player,” said Nita.
Unirea Medical Center recorded a 72 per cent turnover growth in 2009, reaching a value of 69.5 million lei. The company’s largest investment was the opening in December 2008 of the “Regina Maria” maternity hospital, a 5.5 million Euro investment.
Along with its plans to inaugurate the first surgical hospital in Bucharest, with a capacity of 100 beds, Unirea Medical Center is negotiating with various local medical operators the acquisition of clinics in some of the largest cities in Romania. One of the company’s latest achievements is the development of a clinic in Bacau, representing an investment of one million Euro. Unirea Medical Center Bacau is the company’s seventh clinic outside Bucharest.
Over the next two years, the company will concentrate on its existing investment plan, with Advent International as its main supporter and partner. “Our transaction with Advent represents a strong tool for growth and an opportunity to achieve our goals as soon as possible. The Unirea Medical Center management team remains unchanged, while our customers will continue to benefit from the same services. At the same time, we are able to continue our expansion albeit at a faster pace,” said Enayati. He added, “We chose this investment fund due to its experience on the local market and our common vision on doing business. I’ve known them for a long time. Our communication, establishing a common development plan, and harmonizing our interests were the most important aspects of this partnership.”
Believing in the future development and potential of the medical-services market-segment, Raluca Nita, manager for Advent International, told Business Arena Magazine that patients in Romania are very interested in high quality medical services and in high quality medical technologies in the shortest time possible. Therefore, Unirea Medical Center “has already built a platform of quality medical services, which we wish to extend locally and nationwide by inaugurating new clinics, hospitals and services. Advent International has a long history of investing in health care, pharmaceuticals and medical equipment in more than 35 companies worldwide. In the last two years we invested in health services in Germany and the UK, and now we are determined to look into this sector in central and eastern Europe. This transaction with Unirea Medical Center represents a platform for us to consolidate this market segment in Romania and, if given the opportunity, to create a regional player,” said Nita.
Unirea Medical Center recorded a 72 per cent turnover growth in 2009, reaching a value of 69.5 million lei. The company’s largest investment was the opening in December 2008 of the “Regina Maria” maternity hospital, a 5.5 million Euro investment.
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