CMU opens Bacau clinic after EUR 1 million takeover

Private medical care provider Centrul Medical Unirea (CMU) has recently opened the Center for Medical Investigation Bacau, its seventh clinic outside Bucharest.

The facility required a EUR 1 million investment which was made in December last year through the acquisition of a minority package in CIM Bacau, with which CMU had been collaborating for several years before the deal.

Investment fund Advent International recently bought an 80 percent stake in CMU, in a deal estimated at around EUR 40 million. This was the largest transaction involving medical services this year.

Investment fund 3TS Capital Partners, which was previously the second largest shareholder in the firm, along with the company founder Wargha Enayati, exited from the deal. 3TS used to own 39 percent of the shares in CMU, with Enayati holding the rest. The CMU founder has thus ceded his major shareholder position, with Advent owning the majority stake in CMU. Enayati now holds 20 percent of the firm he set up.

Last year, CMU posted a 72 percent increase in turnover, to almost EUR 16.5 million. The company’s biggest investment was the EUR 5.5 million it poured into the Regina Maria maternity hospital.

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Corina Saceanu