{"id":191444,"date":"2021-02-28T17:38:08","date_gmt":"2021-02-28T17:38:08","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=191444"},"modified":"2021-02-28T17:38:08","modified_gmt":"2021-02-28T17:38:08","slug":"pariul-pe-sanatate-privata-sase-fonduri-de-investitii-au-cumparat-doar-in-ultimii-doi-ani-sapte-companii-locale-active-in-domeniul-de-sanatate-privata-pariind-100-150-mil-euro","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=191444","title":{"rendered":"Pariul pe s\u0103n\u0103tate privat\u0103. \u015ease fonduri de investi\u0163ii au cump\u0103rat doar \u00een ultimii doi ani \u015fapte companii locale active \u00een domeniul de s\u0103n\u0103tate privat\u0103, pariind 100-150 mil. euro"},"content":{"rendered":"

\n\u2666 <\/span>Subdezvoltarea sistemului de s\u0103natate de stat \u015fi cre\u015fterea accelerat\u0103 a investi\u0163iilor din privat i-au determinat pe investitorii financiari s\u0103 parieze pe domeniu \u2666 <\/span>Investi\u0163iile au mers mai ales c\u0103tre ni\u015fe precum medicin\u0103 veterinar\u0103, stomatologie, radioterapie \u015fi servicii specializate de genul cardiologie \u2666 <\/span>Pia\u0163a de s\u0103n\u0103tate din Rom\u00e2nia a ajuns \u00een 2019 (ultimul an pentru care exist\u0103 date publice) la 13,7 mld. lei afaceri, 20.800 de firme \u015fi peste 75.000 de salaria\u0163i \u2666 <\/span>Cre\u015fterea e rapid\u0103 \u015fi constant\u0103 pe to\u0163i ace\u015fti trei indicatori, fa\u0163\u0103 de 2008 spre exemplu businessul e de 5,5 ori mai mare, \u00een timp ce num\u0103rul de angaja\u0163i \u015fi de societ\u0103\u0163i s-a mai mult dec\u00e2t dublat.<\/strong><\/em><\/p>\n

\nFondul de investi\u0163ii Equi\u00adLiant Capital, fondat de fra\u0163ii Pav\u0103l, proprietarii Dedeman – cea mai pu\u00adter\u00adnic\u0103 afacere antre\u00adpre\u00adnorial\u0103 din Rom\u00e2nia -, a preluat la fi\u00adna\u00adlul s\u0103pt\u0103m\u00e2nii trecute un pachet minoritar de ac\u0163iuni \u00een re\u0163eaua de clinici stomatologice Clinica Victoria, un business cu prezen\u0163\u0103 \u00een Pite\u015fti, R\u00e2mnicu V\u00e2lcea \u015fi Slatina. Orientat c\u0103tre investi\u0163ii \u00een IMM-urile din Rom\u00e2nia, fondul vrea s\u0103-\u015fi extind\u0103 businessul astfel \u00eenc\u00e2t s\u0103 ajung\u0103 la o acoperire na\u0163ional\u0103, men\u00ad\u0163ion\u00e2nd c\u0103 e loc de cre\u015ftere dat fiind c\u0103 pia\u0163a e puternic fragmentat\u0103.<\/p>\n

\nAceasta este prima achizi\u0163ie f\u0103cut\u0103 \u00een 2021 de un fond de investi\u0163ii prezent local pe pia\u0163a de medicin\u0103 – fie ea stomatologie, veterinar\u0103 sau de alt tip. Totu\u015fi, apetitul pentru acest sector este vizibil \u00een ultimii doi ani, c\u00e2nd \u015fase fonduri au cump\u0103rat \u015fapte companii locale active \u00een domeniul de s\u0103n\u0103tate privat\u0103, investind 100-150 mil. euro, conform estim\u0103rilor ZF.<\/p>\n

\nPrima mare tranzac\u0163ie \u00een domeniu a fost f\u0103cut\u0103 de Mid Europa Partners, unul dintre cei mai activi investitori financiari din Rom\u00e2nia, care \u00een 2015 a preluat operatorul de s\u0103n\u0103tate pri\u00advat\u0103 Regina Maria \u00eentr-o tranzac\u0163ie de peste 100 mil. euro. \u00cen anii ce au urmat, pe aceast\u0103 pia\u0163\u0103 a serviciilor medicale au avut loc multe tranzac\u0163ii, \u00eens\u0103 a fost vorba mai degrab\u0103 de juc\u0103torii mari deja existen\u0163i care \u00ee\u015fi con\u00adsolidau pozi\u0163ia prelu\u00e2nd afaceri de mai mici di\u00admensiuni, fie ele specializate, fie ge\u00adneraliste.<\/p>\n

\n\u00cen ultimii doi ani \u00eens\u0103, chiar de dinainte ca pandemia s\u0103 loveasc\u0103 \u00eentreaga lume, apetitul fondurilor pentru astfel de afaceri a crescut. \u00cen pandemie doar s-a consolidat. Este interesant de observat c\u0103 investi\u0163iile au mers mai ales c\u0103tre ni\u015fe precum medicin\u0103 veterinar\u0103, sto\u00adma\u00adtologie, radioterapie sau servicii spe\u00adcializate de genul cardiologie, inve\u00adstitorii invoc\u00e2nd subdezvoltarea sistemului de s\u0103natate de stat \u015fi deci poten\u0163ialul uria\u015f de cre\u015ftere.<\/p>\n

\n\u201eAm fost impresiona\u0163i de modelul opera\u0163ional dezvoltat \u00een Clinicile Victoria. Ne-a convins c\u0103 merit\u0103 s\u0103 sus\u0163inem efortul de extindere rapid\u0103 a acestui concept pe pia\u0163a rom\u00e2neasc\u0103, \u00eentr-un domeniu medical extrem de fragmentat\u201c, a spus Lauren\u0163iu Cioc\u00eerlan, managing partner al Equiliant. <\/p>\n

\n\"\"<\/p>\n

\nDomeniile de interes pentru fond sunt serviciile (asisten\u0163\u0103 medical\u0103, retail, lifestyle, servicii de infra\u00adstructur\u0103) \u015fi anumite ni\u015fe de produc\u0163ie, care permit dezvoltarea unor branduri puternice sau a unor modele opera\u00ad\u0163io\u00adnale cu anumite elemente de unicitate.<\/p>\n

\nLa r\u00e2ndul s\u0103u, fondul de investi\u0163ii local Morphosis Capital, ale c\u0103rui baze au fost puse de patru rom\u00e2ni, anun\u0163\u0103 c\u0103 se uit\u0103 la pia\u0163a de servicii medicale \u00een continuare de\u015fi \u00een 2020 a f\u0103cut dou\u0103 tranzac\u0163ii, ambele \u00een domeniu – Medima Health (clinici de imagistic\u0103 \u015fi radiologie) \u015fi Clinicile Dentare Dr. Leahu (stomatologie). \u00cen septembrie 2020, Morphosis a anun\u0163at preluarea unui pachet majoritar \u00een Medima Health. Infuzia de capital furnizat\u0103 de Morphosis Capital va alimenta expan\u00adsiunea Medima \u00een Rom\u00e2nia \u015fi dezvol\u00adtarea serviciilor de teleradiologie. \u00cen noiembrie 2020, Morphosis a preluat o participa\u0163ie minoritar\u0103 \u00een Clinicile Dentare Dr. Leahu. Investi\u0163ia fondului va fi utilizat\u0103 pentru accelerarea expansiunii Clinicilor Dentare Dr. Leahu \u00een Rom\u00e2nia cu 20 de unit\u0103\u0163i medicale noi \u00een urm\u0103torii cinci ani.<\/p>\n

\n\u201e\u00cen 2021, Morphosis are \u00een plan finan\u0163area a dou\u0103 companii din domenii precum servicii medicale, tehnologie, produc\u0163ie sau servicii B2B prin investirea unei sume totale cuprinse \u00eentre 10 \u015fi 20 de milioane de euro\u201c, spun oficialii fondului.<\/p>\n

\nAceste investi\u0163ii vin \u00eentr-o perioad\u0103 \u00een care, pe cifre, industria medical\u0103 st\u0103 bine. Cinci activit\u0103\u0163i economice din sfera serviciilor de s\u0103n\u0103tate pri\u00advate , de la spitale la sto\u00adma\u00adto\u00adlo\u00adgie, au \u00eenregistrat afaceri cumulate de 13,7 mld. lei \u00een 2019 (cele mai recente date), fa\u0163\u0103 de 11,8 mld. lei \u00een 2018 \u015fi doar 2,5 mld. lei \u00een 2008, po\u00adtrivit datelor oferite de Registrul Comer\u0163ului.<\/p>\n

\nCifrele cumulate se refer\u0103 la companiile  cu activit\u0103\u0163i \u00een domeniul asisten\u0163ei medicale care \u015fi-au depus rezultatele financiare \u00een anii analiza\u0163i, pe baza celor cinci diviziuni din CAEN 86. Dezvoltarea spitalelor private \u015fi a clinicilor specializate se vede \u015fi \u00een num\u0103rul de companii \u015fi \u00een num\u0103rul de salaria\u0163i, ambele dubl\u00e2ndu-se \u00een aceea\u015fi perioad\u0103 2008-2019.<\/p>\n

\nPandemia de COVID-19a ilustrat \u00eenc\u0103 o dat\u0103 importan\u0163a serviciilor medicale \u015fi necesitatea unui sistem de s\u0103n\u0103tate bine pus la punct. \u00cen contextul \u00een care investi\u0163iile \u00een zona public\u0103 sunt minime, sistemul privat devine o alternativ\u0103.<\/p>\n

\nSistemul de s\u0103n\u0103tate din Rom\u00e2nia ocup\u0103 locul 60 \u00een lume cu un scor mediu de doar 45,8 puncte, scorul fiind ob\u0163inut dup\u0103 analiza unui num\u0103r de \u015fase indicatori mari – preven\u0163ie, diagnostic, r\u0103spuns medical rapid, capacitate de a trata bolnavi (num\u0103r de spitale, paturi, etc), aderarea la normele interna\u0163ionale \u015fi riscuri\/ vulnerabilit\u0103\u0163i.<\/p>\n

\n\u00cen cazul fiec\u0103rui capitol \u00een parte exist\u0103 \u00eentre patru \u015fi \u015fapte aspecte analizate, potrivit raportului privind indexul Global Health Security (GHS). Acesta este un proiect al Nuclear Threat Initiative (NTI) \u015fi John Hopkins Center for Health Security (JHU), \u015fi a fost dezvoltat al\u0103turi de The Economist Intelligence Unit (EIU).<\/p>\n

\nTranzac\u0163iile din ultimii ani din zona de s\u0103n\u0103tate privat\u0103 din Rom\u00e2nia au eviden\u0163iat \u00eenc\u0103 o dat\u0103 nevoia de extindere a unor servicii dincolo de marile ora\u015fe.<\/p>\n

\n\u201e\u00cempreun\u0103 cu noul nostru partener vom fi preg\u0103ti\u0163i s\u0103 ducem businessul la urm\u0103torul nivel \u015fi s\u0103 extindem serviciile noastre \u00een \u00eentreaga \u0163ar\u0103\u201c, a spus \u00een momentul tranzac\u0163iei doctorul Oren Iancovici, CEO \u015fi fondator al Ares. Pachetul majoritar \u00een centrele de cardiologie a fost cump\u0103rat \u00een 2019 de fondul Highlander Partners.<\/p>\n

\nLa momentul acela, sub brandul Centrele Ares, specializate \u00een domeniul cardiologiei \u015fi radiologiei interven\u0163ionale, existau cinci unit\u0103\u0163i \u00een Bucure\u015fti, Constan\u0163a \u015fi Cluj. Bolile cardiovasculare sunt principala cauz\u0103 de deces la nivel mondial \u015fi problem\u0103 \u015fi pe plan local, deci e nevoie de acces al bolnavilor din toat\u0103 \u0163ara la servicii de specialitate. Situa\u0163ia e similar\u0103 \u015fi \u00een cazul altor specialit\u0103\u0163i.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fondul de investi\u0163ii Equi\u00adLiant Capital, fondat de fra\u0163ii Pav\u0103l, proprietarii Dedeman – cea mai pu\u00adter\u00adnic\u0103 afacere antre\u00adpre\u00adnorial\u0103 din Rom\u00e2nia -, a preluat la fi\u00adna\u00adlul s\u0103pt\u0103m\u00e2nii trecute un pachet minoritar de ac\u0163iuni \u00een re\u0163eaua de clinici stomatologice Clinica Victoria, un business cu prezen\u0163\u0103 \u00een Pite\u015fti, R\u00e2mnicu V\u00e2lcea \u015fi Slatina.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[9323,201,470,205],"class_list":["post-191444","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-active","tag-companii","tag-cumparare","tag-sanatate"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/191444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=191444"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/191444\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=191444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=191444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=191444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}