PricewaterhouseCoopers and Linklaters advised Mid Europa Partners.
CM LIM is the third largest private healthcare provider in Poland in revenue terms and offers outpatient medical care and diagnostic services to corporate subscribers and individual patients. The company serves more than 230,000 corporate and individual patients and operates a network of 15 branded clinics throughout Poland and has affiliations with more than 300 private providers.
Matthew Strassberg, partner at Mid Europa Partners and formerly an investment banker with Merrill Lynch and JP Morgan, said that the investment was part of Mid Europa Partners’ buy-and-build strategy for the Polish healthcare services market.
“CM LIM, with its well established reputation for high quality patient care targeted at the premium market segment, represents an important complement to our existing portfolio of outpatient healthcare providers, LUX MED and Medycyna Rodzinna, acquired last year,” said Matthews.
Mid Europa Partners typically invests between €50m and €200m (US$78m and US$314m) in companies with enterprise values of up to €1bn.