Brief: Medicover Acquires CDT Medicus Group In Poland

Medicover AB

05/11/2021 07:04

Nov 5 (Reuters) - Medicover AB  MCOVb.ST :
    * MEDICOVER ACQUIRES CDT MEDICUS GROUP IN POLAND
    * MEDICOVER ACQUIRES CDT MEDICUS GROUP IN POLAND
    * HAS SIGNED AN AGREEMENT TO ACQUIRE CDT MEDICUS GROUP
(CDT), A
LEADING REGIONAL PROVIDER OF MEDICAL SERVICES OPERATING IN SOUTH
WESTERN POLISH REGION OF LEGNICKO-GLOGOWSKI OKREG MIEDZIOWY
(LGOM)
    * TRANSACTION IS SUBJECT TO CUSTOMARY MERGER CONTROL
APPROVALS AND
CLOSING IS EXPECTED IN EARLY 2022.
    * MEDICOVER ACQUIRES 100 PER CENT OF VOTING RIGHTS FOR 54
MEUR
INCLUDING ASSUMED DEBT
    * TRANSACTION VALUE IMPLIES A LOW DOUBLE-DIGIT EBITDA
MULTIPLE,
EXCLUDING SYNERGIES
    * ACQUISITION WILL BE FUNDED WITH CURRENT COMMITTED DEBT
FACILITIES AND WILL BE ACCRETIVE IN 2022
    * SYNERGIES ARE EXPECTED TO BE REALISED OVER 2022 AND
SUBSEQUENTLY
AS OPERATIONS ARE INTEGRATED TO MEDICOVER'S OTHER POLISH
OPERATIONS.

Source text for Eikon:  ID:nWkr8N2s3W 
Further company coverage:  MCOVb.ST 

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