Abris mulls sale of Polish healthcare company Scanmed -sources By Reuters – Canada Boosts

UBS AT1 bond issuance signals market recovery from Credit Suisse event

© Reuters.

By Anna Koper

WARSAW (Reuters) -Abris Capital Companions funding fund is mulling a sale of personal healthcare supplier Scanmed Group, with Polish cardiovascular care firm American Coronary heart of Poland being the most definitely purchaser, sources aware of the method instructed Reuters.

The Polish personal healthcare sector is attracting buyers as Poles’ expenditures on well being are rising quickly. In 2022, expenditures on personal healthcare grew by over 10% to virtually 52 billion zlotys ($12.94 billion).

“Abris is preparing to put Scanmed on sale with American Heart of Poland being the most obvious buyer,” one supply instructed Reuters on situation of anonymity.

One other supply confirmed the knowledge, including the corporate could possibly be valued even at 350 million euros ($380.63 million). A 3rd particular person stated Abris expects a really excessive valuation with out giving a selected determine.

Abris purchased Scanmed in 2020 from Life Healthcare Group Holdings with the corporate valued at 340 million zlotys.

If the deal goes by, it is going to be one other instance of a merger within the Polish personal healthcare sector after Italy’s Gruppo San Donato agreed to purchase a majority stake in American Coronary heart of Poland, valuing the corporate at greater than 500 million euros($544.35 million).

Abris declined to remark, whereas American Coronary heart of Poland described itself as “an entity actively consolidating the medical care market in Poland”.

“As part of our strategic options, we consider organic growth opportunities as well as mergers and acquisitions. We are currently analysing all development opportunities that may increase the group’s potential,” it stated in an e-mailed assertion.

Scanmed runs medical and cardiology centres in addition to three multi-specialist hospitals in virtually 40 places throughout Poland.

The group had a internet lack of 13.9 million zlotys on income of 615.6 million zlotys within the 15 months ended on December 2022, in comparison with a internet lack of 12.3 million zlotys and 410.5 million zlotys in income within the 12 months resulted in September 2021.

($1 = 4.0199 zlotys)

($1 = 0.9195 euros)

(Reportin by Anna Koper; Enhancing by Invoice Berkrot and Cynthia Osterman)

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