PureHealth Acquires 60% Stake in Hellenic Healthcare Group for EUR 2.2 Billion
Deal News | Jan 27, 2025 | CVC Capital Partners
In a strategic move to expand its presence in Europe, PureHealth Holding PJSC has agreed to acquire a 60% stake in Hellenic Healthcare Group (HHG) in a deal valued at EUR 2.2 billion. This acquisition strengthens PureHealth's position as the largest healthcare group in the Middle East and highlights its global ambitions. HHG, a leading healthcare provider with 10 hospitals and 16 diagnostic centers across Greece and Cyprus, offers advanced medical services and serves 1.4 million patients annually. CVC Capital Partners VI, the current majority owner of HHG, will retain a 35% share in the company, while CEO Dimitris Spyridis will hold a 5% stake. The acquisition underscores the growth potential in the Greek and Cypriot healthcare markets, characterized by significant out-of-pocket spending and a demand for private healthcare solutions. PureHealth's integration of HHG aims to enhance service delivery, drive innovation, and improve patient outcomes under the strategic partnership with CVC, which will continue as a strategic partner supporting the company's growth.
Sectors
- Healthcare
- Private Equity
- Mergers and Acquisitions
Geography
- Greece – Hellenic Healthcare Group operates major healthcare facilities within Greece, making it a key geography in the article.
- Cyprus – HHG provides healthcare services in Cyprus, highlighting its importance in the context of the acquisition.
- Middle East – PureHealth, the acquiring company, is the largest healthcare group in the Middle East, highlighting the international scope of the deal.
Industry
- Healthcare – The article discusses the acquisition by PureHealth, a major healthcare group, of a significant stake in Hellenic Healthcare Group, part of the European healthcare sector.
- Private Equity – CVC Capital Partners, a private equity firm, is involved as the selling party in the transaction, indicating the presence of private equity dynamics in the deal.
- Mergers and Acquisitions – The article is centered around the acquisition of a majority stake in Hellenic Healthcare Group by PureHealth, a significant M&A transaction.
Financials
- EUR 2.2 Billion – The transaction values Hellenic Healthcare Group at EUR 2.2 billion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PureHealth Holding PJSC | Bidding Company | Company | PureHealth is the largest healthcare group in the Middle East and is acquiring a majority stake in HHG. |
| Hellenic Healthcare Group | Target Company | Company | HHG is a leading private healthcare provider in Greece and Cyprus with an extensive network of hospitals and diagnostic centers. |
| CVC Capital Partners VI | Selling Company | Company | CVC Capital Partners VI is a private equity firm that is selling a 60% stake in HHG while retaining a 35% interest. |
| Dimitris Spyridis | CEO of HHG | People | CEO of Hellenic Healthcare Group, retaining a 5% stake in the company after the transaction. |