Investment bank Rothschild and audit and advisory firm EY are handling the sale process.
Regina Maria is valued at EUR300 million to EUR400 million, depending on the multiple investors will pay.
Regina Maria has EUR150 million revenue and an operating income of about EUR25 million.
More than ten investors have shown interest in Regina Maria. Those interested in the second largest private healthcare network in Romania are Bupa (Bupa bought the largest private healthcare network in Poland, Luxmed from Mid Europa Partners), Monza and several private equity firms.
Regina Maria was established by physician Wargha Enayati in 1995 and started from a cardiology practice named Centrul Medical Unirea operating in an apartment in Piata Unirii, Bucharest. Enayati sold the controlling interests to private equity firm Advent International in 2010 and exited completely in 2015, once Mid Europa Partners bought the entire company in a deal put at EUR100 million.
(English version by Loredana Fratila-Cristescu)