Behind the scenes of Euroclinic takeover

Six months of negotiations, ten people involved in the final stage, several thousand “papers”. These are some of the features of the deal whereby private medical services operator Centrul Medical Unirea (CMU) took over Euroclinic Hospital & Medical Centers from financial group Eureko. The transaction signed at 6 AM on Thursday has yet to be confirmed by either of the two parties.

Euroclinic, the first private hospital in Romania, inaugurated in 2005 after an over 14 million-euro investment, was handed over to the competitors after the owner’s second attempt, with the hospital having less than 10 “suitors” in 2010. Wargha Enayati, CMU founder, who now has a 20% stake left, says after selling to Advent at the beginning of the year, he has shown willingness to take over Euroclinic right away.
Only then did the Eureko group start evaluation procedures for the company and pursued prospective investors. According to existing information, MedLife and Medicover were also at the negotiation table.
As for the Euroclinic brand, Wargha Enayati said it would be retained, at least “for now”.