"MANY" healthcare operators for sale
publication date: Apr 24, 2009
A lot of East European healthcare providers are for sale, according to Joe Ryan, Chief Financial Officer at Medicover, the Pan-East European medical subscriptions company: "I tell them that their timing is bad and they say, yes, they know that."
The rise in companies for sale is perhaps not surprising.
Many operators, particularly in Romania, Hungary and Turkey, geared up during the boom, and now face large shortfalls. They include Romar, the Romanian primary and diagnostics group where UK fund RCII is seeking to sell its stake, following an abortive hospital in Bucharest.
Meanwhile, Ryan says he plans to open in Belarus: "There is very little medical infrastructure, which makes Belarus just great for us," he said.