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Mid Europa announces the completion of the acquisition of LUX-MED

04 October 2007

Mid Europa Partners announced that it has completed the acquisition of 100% of LUX-MED S.A.

In connection with the closing of the transaction, LUX-MED announced that it has appointed Mrs. Anna Rulkiewicz-Kaczynska as the CEO. Mrs. Anna Rulkiewicz joined LUX-MED in 2002 from Credit Suisse Life and Pensions and as head of LUX-MED's sales and marketing department, has been instrumental to the Company's success in growing its subscriber base. In addition, as a member of LUX-MED's Management Board, she has been closely involved in all strategic and operating decisions of the business. 

Mrs. Rulkiewicz-Kaczynska replaces Mr. Marcin Halicki who is stepping down as CEO to return to Cornerstone Partners, the former lead investor in LUX-MED. Mr. Halicki will continue to support the Company as a non-executive member of its Supervisory Board.

Bank BPH S.A., a member of the Unicredit Group, underwrote the Senior Credit Facilities in support of the acquisition and Mezzanine Management provided Mezzanine Facilities and co-invested in the transaction.

In July, Mid Europa announced the agreement to acquire Medycyna Rodzinna, the sixth-largest private healthcare provider in Poland serving over 300,000 patients through its nation-wide network of 17 branded clinics, supported by over 200 affiliated private providers. Tey Katyahe investment, which will be combined operationally with LUX-MED is expected to be completed later this year.

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