Advent, which bought more than 80% in Regina Maria in 2010, could thus be selling the last of its portfolio in Romania, a market where it closed some of the most important deals over the years.
Advent is now trying to find a buyer for Regina Maria, the sources added and had even received several offers lately.
Regina Maria is one of the largest private healthcare providers in Romania, which posted consolidated revenue of EUR46.4 million last year, an increase of 20% on 2012. Regina Maria owns the Euroclinic hospital, the Baneasa hospital, both of which in Bucharest, a ob-gyn and children’s hospital in Brasov and a medical campus in Bacau, as well as a network of clinics and labs and a stem cell bank.
Regina Maria officials did not return ZF’s calls for comment on Advent preparing for a sale by the time the story was ready for posting.
If the deal comes through, the sale of Regina Maria could be the biggest on the private medical service market, since the company might be valued at EUR100 million to EUR150 million, the quoted sources added.
Back in 2010 when it bought into Regina Maria, Advent paid more than EUR30 million, according to the data available at the time. Advent is the majority owner but the founder of the business, which started as Centrul Medical Unirea in 1995, cardiologist Wargha Enayati, retained a minority stake.
Advent has sold three other businesses it had in Romania over the last two years: drug manufacturer Labormed, paint maker Deutek and brick maker Ceramica Iasi, keeping only Regina Maria.
(English version by Loredana Fratila-Cristescu)