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Group Of Medical Diagnostic Companies In Greece For Sale

Thessaloniki, Greece
Asking Price:
€2,200,000 Furniture / Fixtures included
Sales Revenue:
€3,900,000
Cash Flow:
Under €50K

The Diagnostic Center Group of Companies is an opportunity to enter the lucrative sector of medical diagnostic centers in Greece, in both major cities (Athens and Thessaloniki) at once, with management personnel in place, being profitable from day one.


In recent years, due to low public expenditure, Greek citizens have turned towards private health service providers. Healthcare spending in Greece was severely affected by the economic crisis, leading to a decrease of approx. 40% during the period 2009-2015.

Public healthcare spending has fallen every year since 2009, reaching €14.1b in 2014.

The Diagnostic Center Group of Companies was founded at Thessaloniki in 2014 by a Greek-Cypriot serial entrepreneur, as a vertical expansion of its medical equipment business.

The Diagnostic Center Group of Companies is comprised of 6 separate Private Companies (PC) having the same brand and logo, targeting local residents, the main shareholder being the founding entrepreneur, controlling the majority of shares in all companies and acts as proxy for the rest of the shareholders.

The company employs separate managers for each diagnostic center making them semi-autonomous to run. The Group employs 68 people in various positions and 20 medical doctors.

Group turnover for 2022 was 7.289.256,98 euros with EBITDA 1.128.770,14 euros.
The owner is interested in selling the Group of Diagnostic Center companies either as a Group or separately, in order to raise capital for another business investment.

Property Information

Real Estate:

Lease

Leasehold Rent:

€200,000 per annum

Location:

The Group has 6 Diagnostic Centers, one in Athens, 3 in Thessaloniki and 2 in suburbs of Thessaloniki.

Premises Details:

All 6 Diagnostic Centers are located in densely populated areas.

Business Operation

Expansion Potential:

There is significant expansion potential for private medical services in Greece, since the public health system is overworked and underfunded.

Competition / Market:

The sector of private health services shows a moderate degree of concentration, with five important groups active in it. In the period 2017-2022, a series of horizontal mergers in the health sector were disclosed and examined by the Competition Commission.

Reasons for selling:

The owner is interested in selling the Group of Diagnostic Center companies either as a Group or separately, in order to raise capital for another business investment.

Trading hours:

Monday to Friday 9am to 9pm, Saturday 9 am to 3pm.

Employees:
75
Years established:
9

Other Information

Support & training:

6 months training and support for the transition

Financing available:

ErgoQ can support you in getting Greek government subsidized loans or subsidies for expanding the business.