• Country: Serbia
  • Industry: Healthcare services
  • Date of initial investment: 2012
  • Exit date: 2018 (partial exit – majority)
  • Current ownership stake: 43%
  • Ownership stake at peak: 75%
Company description:
Medigroup is the dominant market player in private healthcare services in Serbia.The integrated healthcare platform was created through a series of acquisitions and greenfield network development. With around 900 full-time employees on 15 locations it is the largest private employer in the healthcare sector in the Region.
Blue Sea Capital value added:
Acquired highest quality healthcare assets in Serbia and drove bolt-on M&A
Created a corporation, introduced and incentivised a professional management with best practice corporate governance, guided by external industry experts (with experience from more developed CEE markets)
Secured appropriate capital structure to sustain strong growth
Implemented detailed financial reporting and functions with the management
Introduced a financial partner with strong know-how in healthcare services and track record of high profile exits to strategic players