{"id":14740,"date":"2021-01-11T00:00:00","date_gmt":"2021-01-10T22:00:00","guid":{"rendered":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/inmedica-signs-an-agreement-to-acquire-a-clinic-in-telsiai\/"},"modified":"2021-01-11T00:00:00","modified_gmt":"2021-01-10T22:00:00","slug":"inmedica-signs-an-agreement-to-acquire-a-clinic-in-telsiai","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/inmedica-signs-an-agreement-to-acquire-a-clinic-in-telsiai\/","title":{"rendered":"InMedica signs an agreement to acquire a clinic in Tel\u0161iai"},"content":{"rendered":"<p>      <strong>The chain of medical clinics InMedica, an investment of INVL Baltic Sea Growth Fund, continues expanding in western Lithuania. It has signed an agreement to acquire Tel&scaron;i\u0173 sveikata UAB, which provides primary care services in Tel&scaron;iai.<\/strong><\/p>\n<p>  &ldquo;Due to coronavirus medical clinics are faced with the need to have more efficient business processes and to adjust operating models in order to maintain the availability of services and to provide high quality support to patients. That is why in this difficult period the merger of private clinics is a natural process which will help to adapt to the new business conditions,&rdquo; says K\u0119stutis Broniukaitis, General Manager of InMedica.<br \/>  &nbsp;<br \/>  Tel&scaron;i\u0173 sveikata UAB, being acquired by InMedica, has been operating since 2004 and has 52 employees. The clinic has almost 10 thousand registered patients. Its revenue in 2019 was EUR 1.4 million.<br \/>  &nbsp;<br \/>  The agreement on the acquisition of 100% of the shares of Tel&scaron;i\u0173 sveikata UAB was signed with the founder of the clinic, family doctor Alvydas Rima&scaron;auskas. According to him, &ldquo;There has never been as much change in family medicine as has happened during the last year. We have been able to adapt to the new circumstances but in the nearest future we will have to be prepared for patient vaccination, population testing, and other unforeseen challenges. We believe that by working with InMedica we can do it better and more efficiently.&rdquo;<br \/>  &nbsp;<br \/>  The parties plan to complete the transaction in March after additional legal reorganisation actions are completed by Tel&scaron;i\u0173 sveikata.<br \/>  &nbsp;<br \/>  To date, InMedica has invested in five clinics in western Lithuania &#8211; Avimeda Group in Klaip\u0117da and four clinics in Taurag\u0117 district. Tel&scaron;i\u0173 sveikata will be the 24<sup>th<\/sup> clinic in InMedica&rsquo;s network, including 7 clinics in Vilnius, 7 clinics in Kaunas and 10 clinics in other Lithuanian cities.<br \/>  &nbsp;<br \/>  <strong>About InMedica<\/strong><br \/>  &nbsp;<br \/>  The network of medical clinics InMedica provides diagnostics, outpatient treatment, surgery, dentistry and other medical services. InMedica Group consists of 18 family medicine centres, 3 broad-profile, 1 specialized cardiology clinic, 2 walk-in clinics and 3 laboratories. In 2019 a modern day-surgery centre started its activities in the Santari&scaron;k\u0117s medical town.<br \/>  &nbsp;<br \/>  In 2020 InMedica Group had more than 750 employees and provided healthcare services to more than 90,000 registered patients, the group received revenue of EUR 12.7 million. Since February 2019 70% of the shares of InMedica are owned by INVL Baltic Sea Growth Fund, the largest private equity investment fund in the Baltic States, through its subsidiary BSGF Sanus.<br \/>  &nbsp;<br \/>  <strong>About INVL Baltic Sea Growth Fund<\/strong><br \/>  &nbsp;<br \/>  INVL Baltic Sea Growth Fund with its total size of &euro;165m is the largest private equity fund in the Baltics with the European Investment Fund (EIF) acting as its anchor investor. The EIF, which is a part of the European Investment Bank, has committed &euro;30m with the support of the European Fund for Strategic Investments, a key element of the Investment Plan for Europe (or the &lsquo;Junker Plan&rsquo;), as well as allocating resources from the Baltic Innovation Fund, the &ldquo;fund of funds&rdquo; initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia. This aims to increase capital investment in high growth potential small and medium-sized enterprises in the Baltic States.<br \/>  &nbsp;<br \/>  The Fund seeks to assemble a diversified portfolio of companies, targeting majority or significant minority stake deals and writing tickets of &euro;10m to &euro;30m, that showcase high growth potential and the ability to compete on a truly global basis. The Fund is focused on the Baltic States and the neighbouring regions of Poland, Scandinavia and Central Europe specifically. The Fund so far has invested in four companies within the healthcare, civil engineering and environment management (plastic recycling and waste management) sectors respectively.<br \/>  &nbsp;<br \/>  The Fund is managed by one of Lithuania&rsquo;s leading asset management companies INVL Asset Management, which is part of the Invalda INVL group. The group&rsquo;s companies manage pension and mutual funds, alternative investments, individual portfolios, private equity assets, and other financial instruments. Over 200,000 clients in Lithuania and Latvia and international investors at the end of 2019 have entrusted the group with more than &euro;1bn of assets under management. Active since 1991 and with a solid track record, Invalda INVL boasts 30 years of experience in managing private equity assets in the Baltic countries and CEE landscape while developing companies into best-in-class market leaders.<br \/>  &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The chain of medical clinics InMedica, an investment of INVL Baltic Sea Growth Fund, continues expanding in western Lithuania. It has signed an agreement to acquire Tel&scaron;i\u0173 sveikata UAB, which..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[6],"class_list":["post-14740","post","type-post","status-publish","format-standard","hentry","category-group-company-press-releases","tag-imported"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>InMedica signs an agreement to acquire a clinic in Tel\u0161iai - Invalda INVL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/inmedica-signs-an-agreement-to-acquire-a-clinic-in-telsiai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InMedica signs an agreement to acquire a clinic in Tel\u0161iai - Invalda INVL\" \/>\n<meta property=\"og:description\" content=\"The chain of medical clinics InMedica, an investment of INVL Baltic Sea Growth Fund, continues expanding in western Lithuania. 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