Euromedic International Profile

Author: 
Jane Lethbridge
Date published: 
2010

Owner:  EUROMEDIC INTERNATIONAL N.V.

Central European Headquarters

Gerbeaud House

1, Dorottya St.

1051 Budapest

Hungary

TEL.: +36 1 267 5314
FAX: +36 1 267 5312

E-mail: joseph.priel@euromedic-group.com

www.euromedic-group.com

 

EWC:  NO but elegible

 

Total employees:  6,000

 

Major European subsidiaries

 

Company

Owner-ship

Country

Contact

Website

Euromedic Diagnostics BV

100%

Hungary

EUROMEDIC INTERNATIONAL N.V. - Central European Headquarters

Gerbeaud House, 1. Dorottya St., 1051 Budapest, Hungary

TEL.: +36 1 267 5314 FAX: +36 1 267 5312

E-mail:

www.euromedic-group.com

International Dialysis Centre BV

100%

 

 

 

Euromedic International NV

 

Netherlands

Holding company registered in The Netherlands

 

Euromedic Bosnia

100%

Bosnia a

EUROMEDIC Bosnia

Address: Bana Milosavljevica 8, Street, 78000 Banja Luka, Republic of Srpska
Bosnia

Contact person:,Mr. Marijan Bilic
IDC General Director
email: mbilic@inecco.net
Mobile Phone:00-387-65-513-104 or 00-387-65-633-778
Telephone: 00-387-51-22-33-40
Fax: 00-387-51-22-33-50

www.euromedic-group.com

Euromedic Bulgaria

 

 

 

 

Bulgaria

Contact person: Dr.Cvetan Angelov, President Euromedic Bulgaria

Euromedic Bulgaria Ltd.
1404 Sofia, 81 B Bulgaria Blvd. fl. 2.
Tel: +359 2 808 2992
Tel: +359 888 387 586

E-mail: cvetan.angelov@euromedic.bg

 

 

Euromedic Croatia

 

 

 

 

Croatia

Hektorovicava 2/II, 10 000 Zagrebm Croatia

Contact: Dr. Ivan Svajger, President Euromedic Croatia

Tel: + 385 1 63 90 650

Fax: + 385 1 63 90 660

E-mail: ivan.svaiger@euromedic.hr

 

 

Euromedic

Czech Republic

 

 

100%

Czech

EUROMEDIC Czech Republic sro

Na Polkopi

110 00 Praha 1, Czechrepublic

 

Contact person: Mr. David Karasek, Managing Director

Tel: + 42 25753948

Fax: +42  257539962

E-mail: karasek@europmedic.biz

 

Euromedic

Greece

 

 

100%

 

EUROMEDIC Greece

50 Agiou Konstantinou street
15124 Marousi, Athens, Greece

Contact person: Mr. Dimitris Moulavasilis, President Euromedic Greece

Tel: +30 210 614 8780
Fax: +30 210 614 8782

E-mail: dimitris.moulavasilis@euromedic.gr

 

Euromedic  Hungary

100%

Hungary

EUROMEDIC DIAGNOSTICS Kft
Gerbeaud House, 1. Dorottya St., 1051 Budapest, Hungary
Contact person:

Dr. Lilla Kardos, President Euromedic Diagnostics

Tel: +361 317 8610
Fax: +361 318 8687

E-mail: kardos.lilla@euromedic-group.com

www.euromedic-group.com

Euromedic

Ireland

 

 

100%

 

Contact Person:
Mr. Paddy Creedon, President Euromedic Ireland

2nd Floor
Hibernian House
Haddington Road
Ballsbridge
Dublin 4

Tel 00 353 1 6678888
Fax 00 353 1 6670034

E-mail: paddy.creedon@euromedic.ie

 

Euromedic International Srl

Italy

 

 

 

100%

 

Via Privata Maria Teresa 4, 20123 Milano, Italy

Contact: Mr. Guiseppe Giannasio, President Euromedic International Srl

Tel: 39 02 883936.1

E-mail: info@euremedic.it

 

Euromedic

Portugal

 

100%

Portugal

Av. D.Joao II, n.1.17.01 Edificio Toorreo Sen, 8 B Parque das Naccoes, 1998-023 Lisboa. Portugal

Contact: Mr. Antonio Marquez, Presidente Euromedic Portugal

Tel: +351 91 936 93 38

E-mail: antonio.marquez@euremedic.pt

 

Euromedic

Poland

100%

Poland

Rondo ONZ 1, 00-124 Warszawa

Contact person:
Dr. Piotr Janicki, President Euromedic Poland

Tel. +48 22 526 1100
Fax +48 22 526 1199

E-mail: euromedic@euromedic.pl

www.euromedic-group.pl

 

Euromedic Romania

100%

Romania

41 Aviatorilor Blvd, 2nd Floor, Sector 1, Bucharest - Romania

Contact person:
Dr. Anca Petca, President Euromedic Romania

Tel: +40 21 2224111, +40 372 735318
Fax: +40 21 2223747

E-mail: office@euromedic.ro

www.euromedic-group.com

Euromedic

Russia

 

100%

Russia

40 Building 4, Bolshaia Ordynka Street, Moscow, Russia, 119017

Contact: Dr. Victor Molostov, Head of Representative Office

E-mail: victor.molostov@euremedic.ru

 

Euromedic Switzerland

 

 

 

100%

Switzerland

Löwenstrasse 29
CH-8001 Zürich
SWITZERLAND
Contact Person :
Mr. Bernhard Schuetz

phone: +41 (0) 43 888 70 01
fax: +41 (0) 43 888 70 07
mobile: +41 (0) 79 789 6547

E-mail: bernhard.schuetz@euromedic.ch
internet: www.euromedic.com

 

 

Euromedic

Turkey

 

100%

Turkey

IDC ULUSLARARASI DIYALIZ MERKEZLERI STI

CUMHURIYET CAD NO.26

Pegasus EV1 HARBIY, Istanbul

Contct: Emir Ozler, President IDC Turkey

Tel: + 90 212 241 5800

Fax: +90 212 241 5820

E-mail: emir@idcturkey.net

 

Euromedic United Kingdom Limited

100%

United Kingdom

 

 

Euromedic United Kingdom Limited, 15th Floor, 33 Cavendish Square
London W1G 0PW

Tel:  +44 (0)207 647 4888
Fax: +44 (0)207 647 4880
Mr. Paul Hobson, President Euromedic United Kingdom
Tel: +44 (0)207 647 4881
E-mail: keith.evans@euromedic.co.uk

 

 

 

Company activities and strategy

Euromedic Diagnostics BV and International Dialysis Centre BV are both 100% owned Dutch subsidiaries of Euromedic International NV, a holding company of the group. [i]   

 

For more than a decade, Euromedic has been building and operating imaging diagnostic centres and dialysis centres in Eastern and Central Europe.  They work in public-private partnership arrangements, where Euromedic invests in the centres and the public healthcare system pays for the service.

 

The history of Euromedic International provides an insight into the way in which healthcare companies are beginning to operate within a European market.   In 1991, two Hungarian entrepreneurs set up a company called International medical Centres in Budapest, which was owned by an Israeli company, Elbit.  In 1995, the Euromedic group of companies was set up with the Red Sea Group, also an Israeli company.  In 1998, these International Medical Centres merged with the Euromedic group.  In 1999, GE Capital and Dresdner Kleinwert Benson back the founders of Euromedic in a buyout from Elbit.  Euromedic International is formed.

 

The following year, 2000, further capital was raised, underwritten by the Washington DC based company Global Environment Fund.  Euromedic International expanded into Poland, Bosnia – Herzogovina and Romania, opening up dialysis clinics. In November 2002, GE Capital and Dresdner Kleinwert Benson bought the Red Sea Group.  In 2005, Warburg Pincus and GE Healthcare and management bought out the three financial investors.  With support from the Dutch ING bank, they finance the company’s growth plan, moving from Central and Eastern Europe to become a European- wide healthcare provider.  In 2006, Euromedic International expanded its activities and moved into Russia, Czech Republic, Greece and Turkey.[ii]

 

In 2008,Merrill Lynch Global Private Equity (MLGPE), Ares Life Sciences, Montagu Private Equity and Management jointly acquired Euromedic International from Warburg Pincus and GE Capital Equity Investments.  The company has expanded into Western Europe, including Italy, Portugal, Ireland and the United Kingdom.  It is expanding from services such as CT and renal dialysis to diagnostic and cancer services, all of which involve high technology equipment.

 

The nature of the relationships which Euromedic International has developed with national public healthcare sectors varies.  Company expansion over the last decade has been based on pursing a model of public-private partnerships but Euromedic International seems to be pursuing three different models.

1) Acquiring services/ facilities already run by the private sector, e.g. Portugal, Switzerland, Turkey   

2) Acquiring public sector facilities, e.g. Hungary, Poland. 

3) Contracting services to run in the public sector, e.g. UK. 

These different arrangements made it difficult to identify the nature of the relationship between Euromedic International and the health professionals who run the services and equipment.  In some cases they will be self-employed or employed by the public sector.   A recent press release quotes the company as employing 6,000 health professionals in Europe.