EMH acquires LIFE Egészségcentrum

Deals

Első Magánegészségügyi Hálózat (EMH), a joint venture of private healthcare provider Doktor24 Medicina and UNION Vienna Insurance Group, has acquired LIFE Egészségcentrum, the leading private healthcare provider in Székesfehérvár (65 km southwest of Budapest) and the Central Transdanubia region, Doktor24 said, according to mfor.hu.

The transaction price was not disclosed. Doktor24 and UNION set up the JV in May to build a national network of private healthcare service providers through acquisitions and targeted investments. LIFE Egészségcentrum is EMH's first acquisition.

Doktor24 CEO Róbert Lancz said the partners plan to establish the network with country-wide coverage within five years.

About 50 doctors and 30 support and administrative staff work at LIFE Egészségcentrum, treating more than 45,000 patients a year. This year, the company projects revenue growth of more than 30% over last year's nearly HUF 600 million, founder Csaba Deák said.

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