GESSEL advises the LUX MED Group on its investment in Swissmed Centrum Zdrowia
GESSEL is proud to have worked with the LUX MED Group on another transaction, as a result of which the Group became a strategic investor in Swissmed Centrum Zdrowia and is better poised to provide patient services in northern Poland. LUX MED plans to take the newly acquired company private and, eventually, to purchase a full stake in Swissmed.
In 2018, the LUX MED Group, advised by GESSEL, became the owner of healthcare centres in Gdańsk, Gdynia and Pruszcz Gdański which it acquired from Swissmed Prywatny Serwis Medyczny, a subsidiary of Swissmed Centrum Zdrowia.
GESSEL’s legal team prepared the due diligence of the target, drew up and negotiated the transaction documents, and prepared the tender within which Swissmed shares will be bought up by its remaining shareholders.
Overall supervision over the project for GESSEL’s part was exercised by Marcin Macieszczak, managing partner, assisted by the senior associates Julia Trzmielewska and Michał Wieliński and by Krzysztof Jasiński, managing associate. The due diligence was performed by a team led by Michał Boryczka, managing associate and composed of the associates Iwona Gielo-Benza, Karolina Olszewska, Dominik Kaszuba, Erazm Dutkiewicz and Jędrzej Besztak.
Swissmed is listed on the Warsaw Stock Exchange since 2004. The Swissmed Centrum Zdrowia hospital is the largest private clinic in Pomerania, with 80 beds and 5 operating theatres on 8,000 m2 and a team of top-notch specialists.
The LUX MED Group, member of the international Bupa group, is a leader in the Polish private healthcare market. Thanks to its expanding network, LUX MED provides its patients with a full range of outpatient, diagnostic, rehabilitation, hospital, and long term healthcare services, relying on close to 270 clinics of various sizes (generally available as well as in-house, attached to large employers) and almost 3,000 cooperating entities. Its workforce of 17,500 people includes approximately 7,500 physicians and 4,000 auxiliary medical staff. LUX MED is the principal medical partner of the Polish Olympic and Paralympic associations.