IMAP Hungary advised Affidea on its acquisition of Főnix-Med, the Group’s first acquisition in the outpatient service provision market. This is the largest transaction in the sector in the country, executed by a strategic buyer.
Affidea saw convergence of the diagnostics and outpatient services, and therefore, the Group decided to actively pursue opportunities in this space. By acquiring Főnix-Med, Affidea is now able to offer a wider range of outpatient services and occupational healthcare services to its individual and corporate employee clients, in an integrated manner, by combining these services with heath diagnostic services.
Established in Hungary 26 years ago, Affidea’s diagnostics services are currently available in 16 countries, across 230 service centers. Főnix-Med employs over 600 staff and provides corporate and occupational health services to more than 100,000 employees at Hungarian companies.
This acquisition is a major step from both a local and a global perspective; in Hungary, it is another step towards the consolidation of the Hungarian healthcare sector, a trend that started nearly a year ago when new players began entering the market. Globally, this was the first sign of an intra-industry consolidation and we expect other companies to follow suit.
Market Outlook
Outpatient care and diagnostics converge as:
Valuation Summary
I am convinced that Hungary will soon face a turning point in private healthcare provision. We have been at the forefront of these changes and I am glad that IMAP Hungary supported us so well in our endeavor.
György Leitner, General Manager, Affidea Hungary