PCP will continue to invest in the growth of Aviva’s business, which will occupy a central position in the company’s plans to consolidate the private healthcare sector in Croatia
Zagreb, September 14, 2021 – Fortenova Group concluded the sale of the Aviva Polyclinic, one of the leading Croatian polyclinics, to the investment company Provectus Capital Partners (PCP). Aviva Polyclinic is a select healthcare provider for patients, companies, and insurers, offering a wide range of services to more than 40,000 users in the areas of prevention, diagnosis, treatment, and rehabilitation. The Polyclinic has over 40 years of tradition and is also one of the largest domestic private polyclinics with more than 80 employees.
Provectus Capital Partners is an investment company focused on the markets of Southeast Europe. It took over the Aviva Polyclinic through the ASEF (Adriatic Structured Equity Fund). Aviva Polyclinic is the third PCP investment in Croatia.
PCP will continue to invest in the growth of Aviva’s business, which will occupy a central position in the company’s plans to consolidate the private healthcare sector in Croatia.
“The private healthcare sector in Croatia has significant growth potential in the coming years. With the acquisition of Aviva we have gained a quality position and key know-how to continue our investments to consolidate the health sector. We are committed to the further development of Aviva and new investments to ensure maximum added value to both customers and employees. We will thus expand Aviva operations and ensure long- term sustainable business and the value of Aviva “, said Igor Čičak, CEO and main partner of PCP.
Commenting on the transaction, James Pearson, Chief Financial Officer at Fortenova Group, said: “Through cooperation with Provectus Capital Partners, Fortenova Group has secured a quality strategic and financial partner and enabled further development and realization of the full potential of Aviva Polyclinic, for the benefit of its patients, suppliers, and hardworking employees, whom we would like to thank for their contribution.”
Fabris Peruško, Member of the Management Board and Chief Executive Officer at Fortenova Group, emphasized on that occasion: “With this transaction, Fortenova Group successfully completes the entire process of disinvesting a part of companies that are not in the function of our core activities. We are very satisfied with the overall realization of this project, as we have found quality partners for all our companies from non-core activities that will develop their future business. At the same time, Fortenova group will be able to create a focused portfolio and strengthen its capital structure.”