Repharm acquired the largest clinic chain in Lithuania
Superia advised Repharm AS, the largest Latvian private healthcare group, in the acquisition of Lithuanian companies UAB MediCa klinika, UAB Kardiolita, UAB Bendrosios medicinos praktika and UAB Svalbono klinika, operate under two brands – MediCa Klinika and Kardiolitos Klinikos.
The acquired group of companies represents the largest private medical service provider in Lithuania with the network of 33 clinics (3 specialized clinics and 30 outpatient clinics) operating in 16 cities; the network includes Kardiolitos Klinika in Vilnius, the only private inpatient hospital in Lithuania.
In 2019, the Clinics employed more than 1,400 staff (family doctors, specialist doctors, dentists and nurses) and provided healthcare services to over 128.3 thousand patients. The Clinics generated 32.7 million euros in revenue in 2019.
This transaction is in line with the Group's strategy to expand into European markets and is the first major step in this direction. Dins Šmits, Chairman of the Board of Directors of Repharm, said: “Growth is important to us and we see the potential to develop our expertise in providing healthcare services in other European countries. We have earlier communicated our strategic goal to expand our business outside our home market, while constantly working on improvement of our service quality and patient experience. The acquisition of the largest private healthcare services provider in Lithuania is a logical step in this direction and we are pleased with this transaction. We strongly believe that our experience will bring benefit for the Lithuanian patients.”
Aušra Budrikienė, the head of UAB CGP Management, is excited to welcome a strong and experienced new player into the Lithuanian market." I believe this group will bring innovative solutions into Lithuanian market and will further improve the quality and availability of healthcare services " said Mrs. Budrikienė
For further information please contact:
Šarūnas Skyrius, Partner, sarunas.skyrius@superia.lt
Lauris Balga, Partner, lauris.balga@superia.lv