Enterprise Investors puts $10 mln in Medycyna Rodzinna

Polish Enterprise Fund, the venture capital/private equity fund managed by Enterprise Investors (EI), invested $10 million in Medycyna Rodzinna, one of Poland's biggest private health center companies. Polish Enterprise Fund acquired a 90% stake in Medycyna Rodzinna. Funds received from EI will go into finalizing the plans to form the nationwide network of health centers, which will provide services for both private and Patient Fund customers. As a next step the company wants to invest $5 million to start offering private health insurance. Another $5 million will go into developing specialized medical services. Over the next three-four years EI will invest up to $50 million in companies from the health sector. "In our opinion, healthcare system reform has created conditions for large scale capital investments in the sector," said EI partner Michal Rusiecki. The company which had previously invested $26 million in three pharmaceutical companies wants to enter into a medical portal. (Puls Biznesu, page 7) P.S.