Medicover has signed an agreement to acquire CDT Medicus Group (CDT), a leading regional provider of medical services operating in the South Western Polish region of Legnicko-Glogowski Okreg Miedziowy (LGOM). The transaction is subject to customary merger control approvals and closing is expected in early 2022.
Medicover acquires 100 per cent of the voting rights for 54 MEUR including assumed debt. The transaction value implies a low double-digit EBITDA multiple, excluding synergies. Revenue for 2020 amounted to 22 MEUR. The acquisition will be funded with current committed debt facilities and will be accretive in 2022. Synergies are expected to be realised over 2022 and subsequently as the operations are integrated to Medicover’s other Polish operations.
“With this acquisition we are strengthening our offering in the Healthcare Services division and in the LGOM catchment area with good quality healthcare and a foundation to further growth. I’m pleased to welcome CDT Medicus Group and its employees to the Medicover family”, says Fredrik Rågmark, CEO.