Invest & Trade in Greece Newsletter (19 Feb 2019)

Date: Mar 2019

Foreign investors have been acquiring leading private hospitals in Greece, banking on the sector’s growth potential and the country’s status as a regional hub in health and life sciences. In the past two years, leading private equity fund CVC Capital Partners – one of the largest private equity funds in the world -- has acquired the Metropolitan Hospital based in the southern suburbs of Athens, and the Ygeia hospital group based in the northern suburbs. It has also acquired one of hospitals belonging to the Iaso health group, and is currently in the process of buying a second. Last spring, San Francisco-based Farallon Capital, another private equity fund, raised its stake in Greece’s Euromedica group to 17.5% after acquiring €200 million in the company’s debt from local Greek banks. More recently, a tender for the former Red Cross-owned Henry Dunant hospital – now controlled by Piraeus Bank – drew strong interest from several foreign investors, including Farallon Capital and United Arab Emirates sovereign wealth fund Mubadala Investment Company.

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