Mid Europa's Alpha Medical buys Euromedic's laboratories

Alpha Medical, which was bought by Mid Europa from Penta Investments last year, took over six laboratories and 15 collection points from Montagu portfolio company Euromedic.

Euromedic is partly owned by Montagu, which backed the firm in 2008 in a joint buyout alongside Merrill Lynch Global Private Equity and Ares Life Sciences from Warburg Pincus and GE Capital Equity Investments. Montagu provided €70m of equity towards the transaction.

The medical services provider stepped away from its laboratories business in order to focus on diagnostic imaging and cancer detection, as well as treatment.

Company
Euromedic Labs is made up of six laboratories and 15 collection points across the Czech Republic, all of which had been acquired by Euromedic from 2007 onwards.

The laboratories engage in routine and specialised tests in biochemistry, microbiology, immunology, haematology and pathology. The firm aims to perform more than 7 million tests overall this year.

People
Peter Lednicky is the CEO of Alpha Medical. Paweł Padusiński, Jan Krzewiński and Artur Sieńczewski worked on the deal for Mid Europa. Dimitris Moulavasilis is CEO of Euromedic.

Advisers
Equity – Deloitte (Corporate finance); Weil Gotshal & Manges (Legal);
Kinstellar (Legal).
Vendor – Ernst & Young (Corporate finance); Clifford Chance (Legal).

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• Topics
• CEE
• Healthcare
• Expansion
• Acquisition finance
• Czech Republic
• Mid Europa Partners