International law firm CMS has been advising Medicover, one of the largest medical companies in Poland, on the acquisition of CDT Medicus Group, a leading regional provider of medical services operating in the south western Polish region of Legnicko-Glogowski Okreg Miedziowy (LGOM), from its shareholders (private owners). The acquisition, including assumed debt, is valued at EUR 54m. The transaction is subject to customary merger control approvals and closing is expected to take place in early 2022.
CDT was established in 1992 and operates two hospitals, 13 outpatient clinics (mainly focused on primary care), three diagnostic laboratories, and is led by an experienced management team with 1,000 employees. CDT operations are financed with around 60% NHF financed outpatient and inpatient services, 35% Fee-For-Service, with the balance formed by corporate contracts or insurer paid. The LGOM region is a densely populated area, with over 500,000 people.
Medicover, a leading international healthcare and diagnostic services company founded in 1995, operates a large number of ambulatory clinics, hospitals, specialty-care facilities, laboratories, and blood-drawing points. The company employs more than 32,000 employees and in 2020 had revenue of EUR 998m.
The CMS team providing transactional advice was coordinated by CMS partner Błażej Zagórski and supported by senior associates Joanna Białoskórska and Grzegorz Pączek, and lawyer Tomasz Piotrowski from the M&A/Corporate team. Competition law advice was provided by counsel Agnieszka Starzyńska and lawyer Agata Władzińska.
Recently CMS’s Corporate team has advised Medicover on its acquisition of a majority stake in MML – a healthcare center in Warsaw, a leader in diagnosis and treatment of head/neck and upper respiratory tract disease – as well as on its acquisitions in the fitness sector in Poland, including Fit Forma fitness clubs in Łódź, Fitarena fitness studios in western Poland and 24 fitness studios owned by Just Gym.
