CVC's Hellenic Healthcare to buy Hygeia

The consideration offered amounts to 92 cents per share, which equates to a total of €198m. Following the proposed deal, MIG will have the right to acquire a stake of up to 10% in Hellenic Healthcare.

According to a statement, Hellenic Healthcare was granted an exclusivity period for the completion of the agreement until the end of June by MIG's executive committee and board of directors.

During this period, MIG's board of directors will appoint a financial adviser to examine the offer and will then bring it to the attention of the shareholders, who will finally decide on its implementation.

Founded in 1970 and based in Athens, Hygeia is a diagnostic and therapeutic centre that provides medical treatment and owns eight private hospitals in Greece and Albania.

If completed, Hygeia will mark the third bolt-on for Hellenic Healthcare, an investment vehicle controlled by CVC, following the acquisitions of a majority holding in Metropolitan Hospital Group and a 97% stake in Iaso General in 2017.

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• Topics
• Portfolio management
• Southern Europe
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• CVC Capital Partners
• Greece
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