CMU ready to strike deal for Euroclinic hospital

Private medical services operator Centrul Medical Unirea (CMU), controlled by Advent International investment fund, is one step away from getting a majority stake in Euroclinic Hospital & Medical Centers for 15 to 30 million euros, ZF has learnt. This would be the second most important deal on the private medical services market this year after Advent bought into CMU and will represent the consolidation of CMU's position as one of the leading players in the field.
"There was an extremely fierce "fight" over Euroclinic, considering two more operators beside CMU, MedLife and Medicover, looked into the acquisition of the hospital," ZF has learnt.
Contacted by ZF, Sergiu Neguţ, deputy general manager of CMU, and Cătălin Popa, CEO of Euroclinic, would not comment on the information.
Euroclinic is held by Dutch financial group Eureko, while doctors from the Floreasca Hospital own stakes of less than 1%.
In 2009, Euroclinic Hospital & Medical Centres posted 7.7 million-euro turnover, which is a little more than initially anticipated, while this year's target is 10 million euros. The company owns a hospital and three medical centres in Bucharest.