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- American Heart of Poland
American Heart of Poland Acquisition & Valuation
American Heart of Poland was acquired by Gruppo San Donato and GKSD Investment Holding for $545M in August 2023, a 2.0x multiple on $272M of revenue.
American Heart of Poland acquisition price
$545M
Acquired by Gruppo San Donato, GKSD Investment Holding · Aug 2023
American Heart of Poland revenue at acquisition
$272M
Last twelve months · Aug 2023
American Heart of Poland revenue multiple at acquisition
2.0x
EV/Revenue · Aug 2023
Key investors in American Heart of Poland
GKSD Investment Holding
Gruppo San Donato
About American Heart of Poland
American Heart of Poland is a Upland-headquartered healthcare network operating 19 hospitals and clinics across southern Poland. Founded in 2000, it specializes in cardiology, treating acute coronary syndromes, arrhythmias, heart failure, and vascular diseases through integrated diagnostics, interventions, and rehabilitation. The group performs over 20,000 percutaneous coronary interventions annually and supports patients with implantable devices and hybrid operating rooms in facilities like Ustron and Bielsko-Biala.
Founded
2000
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Services
Revenue
$129M (Dec 2025)
Valuation
$1.1B (Dec 2025)
Sectors
American Heart of Poland Acquisition
American Heart of Poland was acquired by Gruppo San Donato and GKSD Investment Holding for $545M on 25 August 2023.
The acquisition price implies a 2.0x revenue multiple on $272M of revenue.
Gruppo San Donato (GSD), Italy's largest private hospital group, together with its partner GKSD Investment Holding agreed on 25 August 2023 to buy a 70% majority stake in American Heart of Poland (AHP), the country's largest private cardiology group, by taking control of its holding company AHP Investments sp. z o.o. The sellers were the founders, including Professor Paweł Buszman and Zbigniew Czyż, and other physician shareholders. The deal needed clearance from the Polish competition authority UOKiK and was completed in December 2023. The parties did not publish a price, but GKSD's head of strategic investments, Masroor Haq, told Reuters the transaction valued the Polish group at more than EUR 500 million, and Italian press put the price of the stake at about EUR 350 million. AHP, headquartered in Katowice with a major hospital and spa in Ustroń, runs 77 sites including 20 cardiology wards, vascular surgery and rehabilitation units and 22 outpatient clinics, mostly under National Health Fund contracts, employs about 3,780 staff including 1,200 doctors and had grown revenue to about EUR 250 million. GSD said the acquisition was its first major step outside Italy and would take group revenue above EUR 2 billion.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 25 Aug 2023 | Strategic M&A | $545M | 2.0x |
Sources: gksdholding.com, cliffordchance.com, ilsole24ore.com, rynekzdrowia.pl
American Heart of Poland Valuation
American Heart of Poland is currently valued at $1.1B, based on its secondary sale in December 2025.
The $294M round was led by GKSD Investment Holding and Gruppo San Donato.
American Heart of Poland valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2025 | Secondary | $1.1B | 8.2x |
American Heart of Poland Revenue
American Heart of Poland's latest recorded revenue is $129M, as of its secondary sale in December 2025. At a $1.1B valuation, that implies a 8.2x revenue multiple.
American Heart of Poland revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2025 | $129M | $1.1B | 8.2x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
American Heart of Poland Funding History
American Heart of Poland has 1 recorded secondary share sale and no primary funding rounds.
American Heart of Poland funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Secondary | GKSD Investment Holding (lead); Gruppo San Donato (lead) | $294M | $1.1B | American Heart of Poland (AHP) is a leading privately operated cardiology-focused public healthcare services provider in Poland, offering comprehensive multi-specialty care including health education, prevention, diagnosis, treatment, and rehabilitation for civilization diseases at over 20 medical centers. The group serves more than 260,000 patients annually under contracts with the National Health Fund, performing 73,000 hospitalizations per year, particularly in coronary procedures, rhythm disorders, and heart failure. On 30 December 2025, GKSD S.r.l. and Gruppo San Donato acquired a 27.78% minority stake in AHP for EUR 250 million, implying a total company valuation of approximately EUR 900 million. This transaction supports AHP's expansion strategy, including its recent acquisition of Scanmed Group, which nearly doubles its operations, expands to 48 cities across 13 provinces, and increases patient reach to nearly 900,000 annually. CVC Credit provided debt facilities to finance the Scanmed acquisition, reinforcing AHP's role in modernizing public hospitals and reducing wait times for cardiology and general healthcare services. |
Who has invested in American Heart of Poland?
2 investors have backed American Heart of Poland across its funding rounds, including GKSD Investment Holding and Gruppo San Donato.
Lead investors include GKSD Investment Holding and Gruppo San Donato.
American Heart of Poland Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 American Heart of Poland investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by American Heart of Poland
American Heart of Poland has acquired 1 company to date.
Last acquisition by American Heart of Poland was on May 7th 2024. American Heart of Poland acquired Scanmed Multimedis for $433M.
Latest Acquisitions by American Heart of Poland
| Description | Scanmed Multimedis is a Poland-based provider of outpatient medical services, diagnostics, and rehabilitation to individual patients and corporate clients. Operating over 20 centers in Kraków, Warsaw, and other cities, the company offers specialist consultations in cardiology, orthopedics, neurology, and imaging like MRI and CT scans. Part of the Scanmed Group, it serves B2B contracts for occupational health screenings nationwide. |
| HQ Country | |
| HQ City | Krakow |
| Deal Date | 7 May 2024 |
| Valuation | $433M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all American Heart of Poland acquisitions and their M&A valuation multiples. Start Free Trial | |
American Heart of Poland Competitors
American Heart of Poland competitors include listed companies like Clinica Baviera, HealthCare Global Enterprises, Life Healthcare Group and Dr. Sulaiman Al Habib Medical Services, and private ones like Shulan Health and Gastro Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $348M | $98M | $1B | 2.7x | ||
| Publicly listed | $263M | $44M | $1.1B | 4.3x | ||
| Publicly listed | $1.5B | $55M | $1B | 0.8x | ||
| Publicly listed | $410M | $110M | $1.1B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $900M | - |
American Heart of Poland Public Comps
American Heart of Poland is no longer listed, but its public comps include Clinica Baviera, HealthCare Global Enterprises, Life Healthcare Group, Dr. Sulaiman Al Habib Medical Services, Thomson Medical, Rhoen Klinikum, Terveystalo, Al Hammadi Holding, Med Life and Infracore.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $348M | $98M | 2.9x | 2.7x | 10.3x | 9.4x | |||
| $263M | $44M | 4.6x | 4.3x | 27.2x | 22.6x | |||
| $1.5B | $55M | 0.8x | 0.8x | 23.9x | 5.2x | |||
| $410M | $110M | 3.1x | - | 11.7x | - | |||
| $330M | $53M | 6.0x | 5.8x | 37.2x | 28.9x | |||
| $2B | $122M | 0.3x | 0.3x | 5.4x | 5.4x | |||
| $1.5B | $266M | 1.2x | 1.2x | 6.7x | 6.8x | |||
| $329M | $98M | 3.1x | 3.0x | 10.6x | 11.7x | |||
This data is available for Pro users. Sign up to see all American Heart of Poland competitors and their valuation data. Start Free Trial | ||||||||
Common questions about American Heart of Poland
| When was American Heart of Poland founded? | American Heart of Poland was founded in 2000. |
| Where is American Heart of Poland headquartered? | American Heart of Poland is headquartered in Katowice, Poland. |
| Is American Heart of Poland publicly listed? | No, American Heart of Poland was acquired by Gruppo San Donato and GKSD Investment Holding in August 2023. |
| Who acquired American Heart of Poland? | American Heart of Poland was acquired by Gruppo San Donato and GKSD Investment Holding in August 2023. |
| How much was American Heart of Poland acquired for? | American Heart of Poland was acquired for $545M in August 2023, a 2.0x revenue multiple. |
| What is American Heart of Poland's valuation? | American Heart of Poland was last valued at $1.1B in its secondary sale in December 2025. |
| Who are American Heart of Poland's investors? | American Heart of Poland's investors include Gruppo San Donato and GKSD Investment Holding. |
| What is American Heart of Poland's revenue? | American Heart of Poland's latest recorded revenue is $129M (December 2025). |
| What is American Heart of Poland's revenue multiple? | American Heart of Poland's latest valuation implies a 8.2x revenue multiple ($1.1B valuation on $129M of revenue). |
| Which companies are comparable to American Heart of Poland? | Companies comparable to American Heart of Poland include Clinica Baviera, HealthCare Global Enterprises, Life Healthcare Group, Dr. Sulaiman Al Habib Medical Services, Shulan Health and Gastro Health. |
| How many companies has American Heart of Poland acquired? | American Heart of Poland has acquired 1 company, including Scanmed Multimedis. |
| What was the largest acquisition by American Heart of Poland? | The $433M acquisition of Scanmed Multimedis in May 2024 is the largest acquisition American Heart of Poland has made to date. |
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