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Bulgaria

 

Interview: Attila Vegh, CEO, Penta Hospitals Group

By 2025 Penta Hospitals Group (PHG) owned by private equity house Penta Investments, plans to more than triple sales to over €1bn. But growth could be even faster, says its new CEO, Attila Vegh, a former boss of three large English NHS hospital trusts. The real ambition of the group, a merger of Svet Zdravia in Slovakia, the Polish chain EMC and Penta’s hospitals in Czech Republic, is even greater than the sales forecasts suggest. Much of the growth he says will come from working with the public sector. Vegh says that Penta wants to be “a disrupter, a company which introduces best practice and innovation,” thus persuading public payors to rethink their attitude to the private sector. So how do you do that in a region which is becoming increasingly statist and hostile to international capitalism?
December 6, 2016

Acibadem’s European plans

IHH Healthcare’s Turkish arm Acibadem has big plans for Europe where it recently became the largest player in Bulgaria with the acquisition of City Clinics. It is negotiating to buy in Romania and will build facilities in two other European countries.
June 9, 2016

FREE BLOG IHH takes over Bulgaria

IHH Acibadem’s planned takeover of two of the top three largest Bulgarian operators is interesting on two levels.
March 2, 2016

Acibadem charges into Bulgaria

IHH owned-Acibadem aims to create Bulgaria’s largest hospital group by buying the national chain, City Clinic, and the country’s largest private hospital, Tokuda, in an intriguing and complex deal. The move skilfully pre-empts radical change to the market, but could be highly unpopular, says Jivko Ivanov, managing partner at the local consultancy firm, Simbula.
March 2, 2016

Secretive On Clinic hits Belgrade

On Clinic, a chain of nearly sixty outpatient clinics now covers Russia, Ukraine, Romania, Moldovia, Armenia, Bulgaria and the Czech Republic. Its latest opening is its first foray into Serbia. We profile the group.
February 9, 2016

Bulgarian hospitals face troubled future

Bulgarian hospitals face a crisis if plans to cut Sofia’s number of publicly funded hospital beds by 40% go ahead. Redeploying National Health Insurance Funds (NHIF) to the regions, will slash the number of reimbursed surgical operations in the capital. We spoke to Jivko Ivanov, managing partner at the local consultancy firm, Simbula.
November 30, 2015

Report: Bulgarian Healthcare Market – A private cure for a public problem

Bulgaria is the poorest and most corrupt country in the European Union. It also has a surprisingly large private hospital sector. As in Turkey and Finland, patients are free to use their National Health Insurance Funds to partly pay for private treatment. The public sector appears to be in terminal retreat. Here we profile the top ten players and talk to several CEOs on why and where they see expansion.
July 17, 2015

City Clinic boosts oncology in Bulgaria

Bulgarian hospital chain City Clinic is set to build three new facilities across the country in a BGN200m (€102m) investment. We spoke to Entrea Capital, the investment advisory group working with City Clinic, about the group’s expansion.
January 16, 2015

Permira to build new imaging services provider

Private equity house Permira is backing a merger between Mesa Medical, a Pan-European supplier of third party maintenance and used imaging kit, and Asteral, which is the largest provider of managed equipment services around imaging equipment in the UK. The deal will alarm suppliers like Siemens, GE and Philips.
August 1, 2014
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