Finnish company Mehiläinen acquires Romanian healthcare network Regina Maria, previously owned by MidEuropa.
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private equity firm MidEuropa recently announced the sale of Regina Maria Group, a healthcare network operating under the Regina Maria brand in Romania and MediGroup in Serbia, to Finland's leading healthcare provider, Mehiläinen. This massive deal, marked as the "largest healthcare services transaction in Central Europe," is subject to the usual antitrust clearances and is expected to close later this year.
Founded over 115 years ago, Mehiläinen is diving headfirst into this acquisition, snapping up 100% of Regina Maria's and MediGroup's shares. With such acquisitions, Mehiläinen is setting its sights on expanding its reach in Central and Eastern Europe, leveraging its operational expertise to consolidate regional healthcare services.
Regina Maria's CEO, Fady Chreih, will continue to lead the charge, with no changes anticipated in the health network's name or current operations. Regina Maria has its sights set on growth, aiming to double its business on the local market by 2030, surpassing the 1 billion euro milestone in Romania alone. This ambitious target includes both organic growth and strategic acquisitions, a plan enthusiastically endorsed by Mehiläinen Group.
With over 11,000 employees and collaborators across every county in Romania and 1 million subscriptions, Regina Maria's presence is undeniable. Meanwhile, its sister company, MediGroup, boasts over 100 units and 2,500 employees. When comparing the two companies' combined revenues, it's clear that their partnership has been a lucrative one, generating over 550 million euros in 2024.
Notably, Mehiläinen's CEO, Janne-Olli Järvenpää, expressed excitement over the acquisition, praising Regina Maria's impressive growth and the caliber of talent within the organization. Fady Chreih, for his part, expressed gratitude for Mehiläinen's recognition of the potential in the medical markets of Romania and Serbia.
Mid Europa, which originally acquired Regina Maria (Centrul Medical Unirea) in 2015, views Romania as a significant market with potential for continued investment. In 2023, Mid Europa sold local retailer Profi to Ahold Delhaize for a whopping EUR 1.3 billion exit. The fund also counts delivery services company Cargus among its local investments.
It's an intriguing combination of expertise and ambition that promises to reshape the regional healthcare landscape in Central and Eastern Europe. The final pieces of the puzzle will fall into place after the acquisition clears regulatory hurdles – a process that's anticipated to wrap up in late 2025.
(Photo: the company)
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Enrichment Insights:- This merger-acquisition deal between Mehiläinen, CVC Capital Partners, and MidEuropa Partners marks a strategic move to bolster cross-border investment and expand Mehiläinen's footprint in Central and Eastern Europe.- CVC Capital Partners, with the backing of Hellman & Friedman, will continue to deepen its involvement in European healthcare markets, leaning on Mehiláinen's growth plan to build further integrated care networks.
- MidEuropa Partners, which previously owned a stake in Regina Maria Group, anticipates further investments in the significant Romanian market, following its 2023 sale of the healthcare network.
- The acquisition of Regina Maria Group by Finland's Mehiläinen will not only impact the general-news landscape of Central and Eastern Europe but also the science and technology sectors, as both companies strive to consolidate regional healthcare services.
- In the realm of lifestyle and business, Regina Maria Group aims to double its business by 2030 and surpass the 1 billion euro milestone in Romania, following its acquisition by Mehiläinen.
- The article discusses a collaboration between Mehiläinen, CVC Capital Partners, and MidEuropa Partners, touching on finance aspects, as the merged entities aim to generate lucrative revenues, having combined revenues of over 550 million euros in 2024.
- In the wake of the Regina Maria Group acquisition, technology will play a crucial role in consolidating and enhancing cross-border healthcare services, as Mehiläinen leverages its operational expertise to expand its reach in Central and Eastern Europe.
