Hungary

 

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

Interview: Eduard Maták, partner at Penta Investments

Statist governments were recently elected in both Poland and Slovakia, completing the picture of market scepticism in Visegrad. Predictably, the future of the private healthcare sector is under question. That’s bad news for the Central European investment group, Penta, which favours healthcare services and insurance. Healthcare Europa discussed the changing political landscape and Penta’s future plans with partner, Eduard Maták.
May 10, 2016

New hospital heralds launch of PMI in Hungary

A big new outpatient centre has just opened in Hungary  with the promise of “the first private medical insurance policy for Hungarians at cut price rates. A 150 bed hospital will follow shortly. Joseph Priel, the president of Euromedic International, the largest Hungarian medtech distributor,is behind the new 3,500 square metre clinic, boasting two operating […]
July 21, 2015

FREE BLOG Is it ever worth running a hospital for a government?

The idea that the private sector, thanks to its efficiency and management skills, can build and run a public hospital, or manage an existing public hospital, is beguiling. It is also increasingly clear that it is a bird which never flies.
July 8, 2015

Joseph Priel launches first major private hospital in Hungary

Joseph Priel, one of the founders of imaging service provider Euromedic, and business partner Igor Yankovsky, are behind a new 25,000 square metre facility in central Budapest, which will be the first substantial private hospital in Hungary. We talk to Priel about where he is going to get the patients to fill such a big hospital in a country with no private medical insurance.
September 12, 2014

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

Euromedic appoints HSBC

Imaging services provider Euromedic has appointed HSBC to review the business. Bankers expect this to lead to a sale this autumn.
July 24, 2014

Report: IT is finally giving operators the edge

It has been a tough five years for private healthcare in Europe. but what was noticeable at Healthcare Europa, the only annual conference for the sector, was the spring in the step of the CEOs of large operators such as BMI, Terveystalo and Euromedic. New web and big data applications are finally proving that they can grow patient numbers by 10% or more, demonstrate and measure quality and improve efficiency. The three things which stood out from this event were, firstly, clear signs that new IT is impacting the sector, secondly, the growing confidence of management teams in private companies that they can deploy this to good effect, and thirdly, a sense that the public sector was often completely incapable of rolling out similar solutions.
March 21, 2014
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