Dutch insurer Eureko sells hospital to private health provider CMU
Private medical company Centrul Medical Unirea (CMU) has bought rival private hospital Euroclinic Hospital & Medical Centers from Dutch insurance company Eureko for an undisclosed sum
October 2010 - From the Print Edition
The sale to CMU is part of the Dutch group’s move to sell-off its non-core business, but Eureko says it will remain “committed” to health insurance in Romania, according to Thomas van Rijckevorsel, a Eureko executive board member.
Bucharest-based Euroclinic’s hospital is located on Calea Floreasca next to Romanian state emergency hospital Floreasca and is a top target for private maternity services. The sale also includes Euroclinic’s three other Bucharest-based medical centres.
This move follows CMU’s sale to private equity group Advent International late last year.
CMU has revenues of 21 million Euro for 2010, while Euroclinic predicts a 10.5 million Euro turnover for 2010. The new team will include a total of 1,000 doctors, three hospitals and 23 polyclinics.
Catalin Popa, general director of Euroclinic, estimates the value of the private medical services’ market at approximately 400 million Euro, a market he calls “Dynamic, but still immature”.
The Romanian Competition Council had received no commercial notification regarding the merger as we went to press.
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