DIAGNOSTIC & THERAPEUTIC CENTER OF ATHENS HYGEIA
Agreement for the Acquisition of "Evangelismos" Hospital in Cyprus
The «DIAGNOSTIC & THERAPEUTIC CENTER OF ATHENS HYGEIA S.A» announces the acquisition of the 100% stake of the share capital of «Maternity & Gynecological Clinic Evangelismos Ltd» that owns 60% stake of «EVANGELISMOS» private hospital located in Paphos, Cyprus.
«EVANGELISMOS» Hospital is a modern, private hospital built in 2003, with a building of 6,200 square meters, consisting of 71 inpatient beds, 3 operating theatres, 2 delivery rooms, an Intensive Care Unit, an Intermediate Care unit, First Aid Unit and modern diagnostic laboratories. The hospital offers a wide range of medical specialties and is a reference point for endoscopic surgeries.
The acquisition price agreed to EUR 7,586,190 and the agreement will be concluded following the satisfactory completion of legal and financial due diligence exercise, as well as, obtaining the necessary regulatory approval of the Anti-Trust Commission of Cyprus.
With the acquisition of the second hospital in Cyprus, following the acquisition of the 56.7% of «ACHILLION» in Limassol in the beginning of the year, «HYGEIA S.A.» gains a leading position in the sector of healthcare services in Cyprus. The abovementioned acquisitions are part of «HYGEIA S.A» strategy to create the largest integrated healthcare services group in Southeastern Europe.
The «DIAGNOSTIC & THERAPEUTIC CENTER OF ATHENS HYGEIA S.A» is the investment arm in the healthcare services sector of «MARFIN INVESTMENT GROUP» (MIG), which is the major shareholder of «HYGEIA S.A».
«EVANGELISMOS» Hospital is a modern, private hospital built in 2003, with a building of 6,200 square meters, consisting of 71 inpatient beds, 3 operating theatres, 2 delivery rooms, an Intensive Care Unit, an Intermediate Care unit, First Aid Unit and modern diagnostic laboratories. The hospital offers a wide range of medical specialties and is a reference point for endoscopic surgeries.
The acquisition price agreed to EUR 7,586,190 and the agreement will be concluded following the satisfactory completion of legal and financial due diligence exercise, as well as, obtaining the necessary regulatory approval of the Anti-Trust Commission of Cyprus.
With the acquisition of the second hospital in Cyprus, following the acquisition of the 56.7% of «ACHILLION» in Limassol in the beginning of the year, «HYGEIA S.A.» gains a leading position in the sector of healthcare services in Cyprus. The abovementioned acquisitions are part of «HYGEIA S.A» strategy to create the largest integrated healthcare services group in Southeastern Europe.
The «DIAGNOSTIC & THERAPEUTIC CENTER OF ATHENS HYGEIA S.A» is the investment arm in the healthcare services sector of «MARFIN INVESTMENT GROUP» (MIG), which is the major shareholder of «HYGEIA S.A».