EMC is the largest Polish owner of hospitals and out-patient clinics on the market of private medical services. Since 2005, the Company has been listed on the Warsaw Stock Exchange.
In 2012 Penta entered the hospital segment through acquisition of Svet zdravia, which operates 10 regional hospitals in Slovakia.
"We are experiencing a crucial period in the development of EMC. The Company has attained a strong position on the market for medical services in Poland. However, its further development requires substantial investments without which the Company has no chance of fighting for the leadership position on the consolidating market of medical services. Penta is one of significant players in the healthcare sector in the CEE. Investments in the medical sector constitute more than 30% of the assets in our portfolio. We have invested more than EUR 400 million and we are responsible for more than 10 thousand jobs in this sector in the Czech Republic, Slovakia and Poland. Our intention is to finance a long-term strategy providing for organic growth and active participation in the consolidation of hospital services. We assume that our involvement in EMC is a long-term investment exceeding seven years," said Eduard Matak, Partner at Penta Investments, managing investments in the healthcare sector.
The price set out in the tender offer is PLN 18,80 per share.
The proposed price in the tender offer includes premiums of 11,44% and 14,42% the average share price for three and six months, respectively and a 12,51% premium over the current share price as at 27 May 2013.
The tender offer is open for acceptance from 19 June to 18 July 2013 and is administered by Dom Inwestycyjny Investors S.A. and at the offices of Biuro Maklerskie Alior Bank S.A.
The tender offer is conditional upon the consent of the Office of Competition and Consumer Protection with Penta gaining control over EMC.
About EMC Instytut Medyczny
EMC Instytut Medyczny SA is the largest Polish owner of hospitals and out-patient clinics on the market of private medical services. Within ten years the Company has developed from a local firm operating a hospital in Wrocław into a network of medical centres, being expanded consistently throughout Poland and abroad. Since 2005, the Company has been listed on the Warsaw Stock Exchange.
At present, the EMC group comprises 8 hospitals and 16 outpatient specialty and primary care clinics. The core medical activities of EMC include: specialist hospital treatment, hospitalisations in general hospitals and outpatient counselling in the outpatient specialty and primary healthcare clinics.
www.emc-sa.pl
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