Budapest, 1. February 2018

On February 1st, Affidea Diagnosztika acquired 100% of Főnix-Med Zrt. shares. Affidea Group, provider of imaging diagnostic services, was founded 26 years ago in Hungary. Affidea Group’s state of the art services are available in 16 countries, at 230 locations. In Hungary alone, under the management of György Leitner, the Group has 12 locations and 500 employees.

With the acquisition of Főnix-Med, the first non-diagnostic sector investment for the Group, Affidea now is able to provide integrated private healthcare services, with an expansion in both occupational health services and outpatient care.

With its 600 staff, Főnix-Med provides occupational health services to more than 100,000 employees. After focusing on private healthcare and occupation health services for the past 20 years since its inception, only 25% of revenue came from public funding. Opinion Group, the seller was represented by Dr. Zoltán Takács.

The transaction is so far the largest Hungarian private healthcare transaction completed by a professional investor and simultaneously is a significant step in the sector’s inevitable consolidation process.

Concorde MB Partners served as transaction advisors to Affidea.