European Medical Center Acquisition, Valuation, Funding & Investors

European Medical Center was acquired by Medinvestgroup for $1.1B in February 2020, a 4.5x multiple on $240M of revenue.

European Medical Center acquisition price

$1.1B

Acquired by Medinvestgroup · Feb 2020

European Medical Center revenue at acquisition

$240M

Last twelve months · Feb 2020

European Medical Center revenue multiple at acquisition

4.5x

EV/Revenue · Feb 2020

European Medical Center EBITDA multiple at acquisition

11.8x

EV/EBITDA · Feb 2020

European Medical Center Overview

About European Medical Center

European Medical Center (EMC) is a Moscow private clinic network founded in 1989, originally serving the city's diplomatic and expatriate community, that has grown into one of Russia's leading premium multidisciplinary healthcare providers. Its clinics cover more than 50 specialisms including oncology, surgery, cardiology and reproductive medicine, treating over 250,000 patients a year on a private-pay and insurance basis. Medinvestgroup bought Baring Vostok's 27.8% stake in 2020, and SeverGroup agreed in 2025 to take up to 26.7% of holding company MKPAO YMG, combining EMC with its St. Petersburg clinic network.


Founded

1989

HQ

RussiaMoscow

Website

emcmos.ru

Status

Acquired

Customer focus

B2C & B2B

Revenue model

Services

Revenue

$240M (Feb 2020)

Valuation

$1.1B (acquired Feb 2020)

European Medical Center Acquisition

European Medical Center was acquired by Medinvestgroup for $1.1B on 14 February 2020.

The acquisition price implies a 4.5x revenue and 11.8x EBITDA multiple on $240M of revenue.

Medinvestgroup, a Russian healthcare investment holding, acquired Baring Vostok's 27.78% stake in European Medical Center (EMC), a private clinic network. Baring Vostok had held the stake since 2012, and the sale ended the private equity firm's ownership in the business.

European Medical Center acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Medinvestgroup
14 Feb 2020Strategic M&A$1.1B4.5x11.8x

Sources: vedomosti.ru, kommersant.ru

European Medical Center Funding History

European Medical Center has raised 1 funding round.

European Medical Center funding rounds
DateStageInvestorsDeal Summary
Dec 2025Strategic investmentSeverGroupSeverGroup agreed to acquire up to a 26.7% stake in MKPAO YMG, the holding company of European Medical Center (EMC), through a closed placement of new shares worth RUB 25.1 billion. The deal combines EMC with SeverGroup's Saint Petersburg clinic network, run by Ava-Peter LLC under the Skandinaviya Ava-Peter brand, with both brands retained separately.

Who has invested in European Medical Center?

1 investor has backed European Medical Center across its funding rounds, including SeverGroup.


European Medical Center Investors

Investors in European Medical Center by funding rounds participated
InvestorHQRoundsRoleFirst check

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European Medical Center Competitors

European Medical Center competitors include listed companies like Dr. Sulaiman Al Habib Medical Services, HealthCare Global Enterprises, Thomson Medical and Clinica Baviera, and private ones like Shulan Health and Kerala Institute of Medical Sciences.

Public and private companies comparable to European Medical Center
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Dr. Sulaiman Al Habib Medical ServicesSaudi ArabiaSaudi ArabiaPublicly listed$410M$110M$1.1B-
HealthCare Global EnterprisesIndiaIndiaPublicly listed$263M$44M$1.1B4.3x
Thomson MedicalSingaporeSingaporePublicly listed$330M$53M$1.1B5.8x
Clinica BavieraSpainSpainPublicly listed$348M$98M$1B2.7x
Shulan HealthChinaHangzhouPrivate--$1.2B-
Kerala Institute of Medical SciencesIndiaIndiaPrivate$118M-$1.3B10.6x

European Medical Center Public Comps

European Medical Center is no longer listed, but its public comps include Dr. Sulaiman Al Habib Medical Services, HealthCare Global Enterprises, Thomson Medical, Clinica Baviera, Rhoen Klinikum, Life Healthcare Group, Terveystalo, Med Life, Al Hammadi Holding and U.S. Physical Therapy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Dr. Sulaiman Al Habib Medical Services$410M$110M3.1x-11.7x-
HealthCare Global Enterprises$263M$44M4.6x4.3x27.2x22.6x
Thomson Medical$330M$53M6.0x5.8x37.2x28.9x
Clinica Baviera$348M$98M2.9x2.7x10.3x9.4x
Rhoen Klinikum$2B$122M0.3x0.3x5.4x5.4x
Life Healthcare Group$1.5B$55M0.8x0.8x23.9x5.2x
Terveystalo$1.5B$266M1.2x1.2x6.7x6.8x
Med Life$594M$84M2.7x2.1x19.1x15.1x

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Common questions about European Medical Center

When was European Medical Center founded?European Medical Center was founded in 1989.
Where is European Medical Center headquartered?European Medical Center is headquartered in Moscow, Russia.
Is European Medical Center publicly listed?No, European Medical Center was acquired by Medinvestgroup in February 2020.
Who acquired European Medical Center?European Medical Center was acquired by Medinvestgroup in February 2020.
How much was European Medical Center acquired for?European Medical Center was acquired for $1.1B in February 2020, a 4.5x revenue multiple.
What was European Medical Center's last funding round?European Medical Center's last funding round was a strategic investment round in December 2025.
Who are European Medical Center's investors?European Medical Center's investors include SeverGroup.
Which companies are comparable to European Medical Center?Companies comparable to European Medical Center include Dr. Sulaiman Al Habib Medical Services, HealthCare Global Enterprises, Thomson Medical, Clinica Baviera, Shulan Health and Kerala Institute of Medical Sciences.

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