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Mid Europa Partners to Acquire Alpha Medical, Further Consolidating the Central European Lab Diagnostics Market

16 October 2012

Mid Europa Partners ("Mid Europa"), the leading private equity firm focused on Central Europe and Turkey, announced today that it has entered into an agreement to acquire a 100% stake in Alpha Medical ("the Company") from Penta Investments. The transaction is subject to customary closing conditions, including anti-trust clearance.

Alpha Medical is a leading laboratory diagnostics provider in Slovakia and the Czech Republic, with presence in Poland. Operating an integrated network of 50 labs across the three countries, the Company performs over 30 million laboratory tests annually. Alpha Medical employs best-in-class laboratory technicians, operates modern testing equipment, and boasts an excellent medical reputation offering a one-stop shop lab diagnostics solution to its customers.

Matthew Strassberg, Partner of Mid Europa who leads the healthcare investments, commented: "The acquisition of Alpha Medical represents a significant step in our strategy of consolidating the laboratory market in Central Europe by expanding our footprint beyond Poland where we invested in the market-leading operator, Diagnostyka, and Fryda. The regional platform created through the acquisition of Alpha Medical will have the technical expertise and resources to further differentiate itself by offering its customers consistently superior quality and speed of execution. We intend to dedicate significant resources to support the platform's continued expansion of technological and market leadership in what are some of the most attractive laboratory markets in Europe."

Pawel Padusinski, Director of Mid Europa, commented: "We have been highly impressed by the management team's long-standing track record of implementing a successful and rapid buy-and-build strategy, and look forward to working with Peter Lednicky and his team to further enhance the Company's quality of service, and support its growth both organically and through acquisitions."

Peter Lednicky, the CEO of Alpha Medical remarked: "We are enthusiastic to team up with Mid Europa, who share our vision for the growth prospects of Alpha Medical, and the Czech and Slovak laboratory market in general. Mid Europa's experience will be instrumental in supporting our ambitions to further expand our market leading position."

The transaction was executed by Pawel Padusiński, Jan Krzewiński and Artur Sieńczewski from Mid Europa. Mid Europa was advised by PwC, Weil Gotshal & Manges and Kinstellar.

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