Experience
Financing
Client
Transaction
10.000.000 EUR FinancingInvestor
Date
2014Capital advisory for the management in the process of attracting a financial investor for Grupa Nowy Szpital – the biggest nationwide network of non-public hospitals in Poland.
Holon acting as an advisor to Grupa Nowy Szpital Sp. z o.o. has completed a project of obtaining the new financing for the Group. Grupa Nowy Szpital is the biggest Polish network of non-public hospitals and manages 13 hospitals with total revenues of approx. PLN 300 million. The new financing was provided by European Bank for Reconstruction and Development (EBRD) in the amount of EUR 10 million.
The raised funds will be utilized to further consolidate the Polish hospital market as well as to finance new investments in currently operated hospitals.
"The money will be allocated to support further development of Grupa Nowy Szpital, including acquisitions and investments in the infrastructure. Within next five years, we plan to buy or lease 6-10 medical facilities” - says Marcin Szulwiński, CEO and one of the founders of GNS. „The financing has been provided when the needs of local governments and hospitals managed by them are rising. This substantially increases the opportunities for the project developed by the GNS with the support of ZUK Know How” – adds Adam Roślewski, GNS co-founder and the chairman of the supervisory board of GNS.
„The project gives EBRD the opportunity to support GNS in applying best practices and know-how in the healthcare industry” - added Frederic Lucenet, Production and Services Director in EBRD.
Holon acted as the financial and transaction advisor in the process of obtaining a financial partner for GNS. Holons role included preparation of the offer, identification of financial investors, transaction structuring and its final execution.
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Company information
Grupa Nowy Szpital (www.nowyszpital.pl) is the biggest nationwide network of non-public hospitals in Poland and provides aid to patients through its network of 13 hospitals across Poland. More than 90% of company's revenue comes from public funds. The Group provides comprehensive medical care: starting from primary health care, through diagnostics and medical advice to comprehensive hospital-based treatment. The Group has emergency departments, specialist aid clinics, primary health care centers, medical offices in schools, addiction treatment centers for children and adolescents as well as care and treatment centers. Currently, the Group's institutions provide medical care for almost 650 thousand citizens of voivodeships: lubuskie, kujawsko-pomorskie, małopolskie and warmińsko-mazurskie.
Grupa Nowy Szpital started its activity in 2008. The founders of Grupa Nowy Szpital are Adam Roślewski and Marcin Szulwiński. The first local government that decided to use the knowledge and experience of the experts of today’s GNS (at that time ZUK Know How) was Skwierzyna County. The second "cured" hospital and the first that became a "Nowy Szpital" was the facility in Świecie (2005). Within seven years the hospital not only came out of the red, but also increased the contract with the National Health Fund (NFZ) by more than PLN 30 million. Development of the hospital in Świecie encouraged other local governments to cooperate with GNS. Grupa Nowy Szpital was joined by hospitals from Wschowa, Kostrzyn nad Odrą, Nakło and Szubin, Krosno Odrzańskie, Świebodzin, Szprotawa, Wąbrzeźno, Olkusz and Giżycko.
Grupa Nowy Szpital in figures:
- 13 hospitals
- 109 wards
- 212 specialist clinics
- 2 250 beds
- 3 700 employees
- 85 000 hospitalizations (2012)
- 655 000 people under medical care
- 261 million PLN worth of contracts with the National Health Fund - NFZ (2013)
Investor information
European Bank for Reconstruction and Development (www.ebrd.com) is an international financial organization gathering over 1500 experts representing its shareholders (64 countries, the European Union and European Investment Bank). EBRD provides financing for banks, industries and businesses, both for new ventures as well as investments in existing companies.
The EBRD develops partnerships with local and international business and investment community. EBRD works in close cooperation with all its members, public and private entities and all multilateral institutions concerned with the economic development and investments in countries from Central Europe to Central Asia. These include the European Union, the European Investment Bank, the World Bank Group, the International Monetary Fund and the United Nations and its specialized agencies.
Since its establishment in 1991, EBRD has invested in 325 projects with a total value of EUR 6.7 billion. In addition to its wide range of products for banks and companies, in recent years the Bank has also built a growing portfolio of investments in manufacturing and services sector, for which demand remains high.