Blue Sea Capital alongside MidEuropa today announces the sale of MediGroup, Serbia's largest private healthcare provider, to Mehiläinen, the largest private healthcare provider in Finland. The sale is part of a broader transaction encompassing MidEuropa’s regional healthcare services platform, Regina Maria Group. This transaction marks the culmination of the successful consolidation of the Serbian private healthcare market through MediGroup, which began in 2012 under Blue Sea Capital and continued under the joint ownership with MidEuropa’s platform.

With over 1,700 full-time employees and around one and a half million patient visits annually, MediGroup is the leading player in private healthcare services in Serbia with well-invested facilities across key cities, providing inpatient, outpatient, lab, IVF, maternity, and ophthalmology services. The integrated healthcare platform was built through a series of acquisitions and greenfield investments, the highlights of which include the opening of a general hospital in Belgrade, as well as the establishment of an ever-expanding network of three special hospitals and 16 health centres and polyclinics. MediGroup serves its patients through the largest private ophthalmology hospital in Serbia and the largest private maternity hospital in Serbia, which has welcomed more than 6,000 babies to the world.

Saša Galić, Managing Partner at Blue Sea Capital, commented: “We are excited that MediGroup is recognised as a natural fit for Mehiläinen, a best-in-class provider of healthcare and social care services in the Nordics region. The transaction validates Blue Sea Capital’s strategy of bringing local industries up to the highest standards.”

Vuk Vuković, Partner at Blue Sea Capital, added: “We are incredibly proud of MediGroup’s journey to becoming Serbia’s leading private healthcare provider. This is an excellent case study in Blue Sea Capital’s value add, combining several family-led SMEs and transforming them into a well-integrated platform via professional management, consolidation, and a strategic investment programme. As a result, MediGroup now delivers strong benefits to the many local communities that it serves throughout Serbia.”

Blue Sea Capital was advised by Kinstellar and Van Campen Liem.

The transaction is subject to customary regulatory approvals and is expected to close in 2025.

Blue Sea Capital is an independent private equity company with offices in Belgrade and Zagreb, focused on small and medium enterprises in the region. Blue Sea Capital combines regional presence and the investment expertise of its team obtained in both international and local setting, and has so far invested in leading
companies in its target sectors.

MidEuropa is a leading European private equity investor with deep roots in Central Europe and a long-term track record in the region spanning over 25 years. Headquartered in London, with offices in Warsaw and Bucharest, MidEuropa adopts a flexible pan-European and global approach to identify winning investments across the healthcare, technology, services, and consumer sectors. MidEuropa works collaboratively with talented founders and management teams to support and facilitate sustainable growth through buy & build, organic growth acceleration, digital transformation, sustainability leadership and international expansion, to drive transformative growth and build industry champions. To date, MidEuropa has raised and managed funds of over €6.5 billion, and completed 46 investments and over 280 add-on acquisitions across 20 countries.

Mehiläinen Group is a well-known and highly respected private provider of social care and healthcare services, offering comprehensive high-quality services in its home market, Finland, as well as in Sweden, Germany, Lithuania, and Estonia. Mehiläinen offers digital healthcare software solutions through its subsidiary, BeeHealthy. 115-year-old Mehiläinen is a rapidly developing and growing leader in the industry. It serves 2.2 million customers annually, and services are provided at 890 locations by more than 37,000 employees and private practitioners. Mehiläinen invests in the possibilities of digitalisation and the effectiveness and quality of care in all its business areas. www.mehilainen.fi