Livonia Partners invests in Estonia's leading healthcare services provider Medicum
Medicum Group, a provider of general and specialized medical services, is bringing on Livonia Partners as a majority shareholder in its companies operating in specialized healthcare, rehabilitation, dental care, and home nursing services. The group will continue under its current management. Medicum's previous majority owner, Dr. Jaanus Vool, will continue as the owner of the Medicum family doctor network.
"We are pleased to support Medicum's next stage of growth in a fragmented healthcare market, enabling better access to services for Estonians and contributing to an increase in years of healthy life," said Maarja Pärs, Livonia Fund's Investment Director.
"We see great potential for Medicum to grow and expand in the local market by providing the best healthcare services close to patients. We value highly Dr. Jaanus Vool's contribution to the development of Medicum and look forward to continuing close cooperation with him," said Kaido Veske, founding partner of Livonia Partners.
"I feel confident knowing that Medicum, built with a dedicated team, will remain in good and caring hands," said Dr. Jaanus Vool, who has led and developed Medicum Group for 24 years.
"The involvement of an investor is necessary to achieve Medicum's growth and development goals as a major healthcare provider. We aim to develop further areas where access to healthcare services, such as rehabilitation and radiology, is currently insufficient. Medicum will continue to emphasize the synergy between its various healthcare services to support patients' health journeys comprehensively," said Tõnis Allik, who will continue as the CEO of Medicum Group.
According to Peep Jalakas, Head of Corporate Banking at SEB Bank, the financing partner for the transaction, Medicum has stood out with its strong business profile and established leadership. "We are pleased to support the healthcare sector, which has clear growth potential, and to back Medicum, a key healthcare provider with strong business fundamentals and clear growth plans," added Jalakas.
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