MedHold (Belgium) - Dec 2007

Waterland Private Equity is to provide growth capital to the medical laboratory group MedHold, formed by the merger of AML-RIATOL and Medisch Labo D. Van Waes. Waterland will provide extra financing and support management where necessary in the continuous growth of the company.

Company

With a turnover of €37m, MedHold will be the second-largest Belgian private clinical laboratories group with a staff of 200. AML has been performing certain specialist analyses as a subcontractor for Labo Van Waes for the past 10 years. MedHold is planning substantial investments over the next few years. AML-Riatol is currently building a new laboratory in Hoboken, Antwerp, where the group will centre all its Antwerp activities from 2010. This will not have an impact on the activities of Labo van Waes, which will continue to operate as an independent laboratory from its base in Bruges.

People

Dirk Van Waes will continue to head Labo Van Waes’ activities and join the board of the merged group, which will be managed by Annie Vereecken and Geert Salembier from AML-RIATOL.

Sourced from: Benelux unquote" 55 (Jan 2008)

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• Topics
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• Belgium