- 30 Jun 2020 9:02 AM
- Hungary Around the Clock
Doktor24 received the funding in March from Ananda Impact Ventures – one of Europe’s largest investors in the field – and from Luxembourg-based venture capital fund V4C, a specialist in East European deals.
Doktor24 has the capacity to become the market leader, head of V4C Bill Watson said in a video message.
Doktor24 CEO Robert Lanz highlighted that Doktor24 is using the capital injection to build a 3,000m2 private hospital in the Budapest One office building complex.
The company has completed two acquisitions recently, buying the Svabhegy Children’s Health Institute and the Castle Park Clinic.
Doktor24 maintains its Ft 2.5 billion fixed capital investment target for this year, which programme also receives a Ft 300 million state subsidy.
Six Hungarians own the majority of shares in Doktor24, one of them the Gyurcsany-era economy minister Janos Koka.
Doktor24 is planning further acquisitions this year.
Demand, doctors and capital are gravitating towards the largest private health care providers, Koka said, adding that ultimately only three or four companies will be in competition. (portfolio.hu; novekedes.hu)
MTI Photo: Zoltán Balogh