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CVC Capital close to acquisition of American Medical Center

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Dr. Marinos Sotiriou – The hospital will remain outside the NHS

H CVC Capital κο&nu ;τσε εξαγορτου American Medical Center

H CVC Capital κοντà σε εξαγορà το&upsilon ; American Medical Center

By Panagiotis Rougalas

Close to advanced discussions to acquire American Medical Center, also known as “American Heart ” in Nicosia, is the large investment fund that has entered “for good” in the health sector of Cyprus, CVC Capital Partners.

As “K” is informed, the deal will likely have a happy ending in few weeks and CVC Capital's plan is for the hospital to remain private and not to enter the Cyprus General Health System (GHS). He wants his “DNA” to remain private.

According to the same sources, the price of the deal is expected to be below 50 million euros, as the main shareholder of the hospital, Dr. Marinos Sotiriou will remain as a shareholder in the new share structure.

Based on the present information, it seems that the two sides have “joined hands” to jointly create the American Medical Center in Limassol.

CVC Capital has acquired in Cyprus the Apollonio Hospital, the Aretaiio Hospital and Gialletto Ltd, a company active in radiology and related services.

In Greece, it is behind the private healthcare group Hellenic Healthcare Group, while also having some of the largest Greek hospitals, such as Hygeia, Metropolitan, Mitera and Leto.

Source: www.kathimerini.com.cy

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