Octavian Netcu, one of the new euro millionaires of thehealthcare services market, who sold 70% in a new group of firmsdeveloped around Radiusmed medical equipment distributor, says hewill focus on niche services such as distribution of heart surgeryequipment during the following period to balance revenues, whichare now mainly derived from the distribution of large devices. Thedeal Netcu was involved in was complex, entailing, besides the saleof a stake, an equity swap, so that Netcu, 41, became the youngestshareholder in the buyer of Radiusmed, Gada English group withturnover worth above 70m euros. He currently holds 5.37% in Gada,together with another four Italian businesspeople. Radiusmed groupwas valued at around 9m euros, six times 2008 EBITDA. According toZF estimates, Netcu should get 2.7m euros, corresponding to 30% inthe company, with the rest of 40% being swapped for Gada shares.The Romanian businessman keeps the rest of stock. The payment willbe made in late 2011, though, depending on the company's financialresults that year, and the sum may be higher.
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