UAE firm NMC Health has announced it has acquired 86% of Spanish fertility clinic Eugin for $161 million.
Founded in 1999 and based in Barcelona with 230 employees, Eugin is amongst the largest European providers of fertility treatments. In 2014, the clinic treated more than 5,000 patients. Over 95% of Eugin's patients are referred from outside Spain with France (55%), Italy (17%), Switzerland (4%), MENA (3%) and the UK (2%) representing the main countries.
(For the twelve months ended 31 December 2014, Eugin reported revenues of €34.3m, EBITDA of €14.0m and EBITDA margins of 41.0%. As of 31 December 2014, Eugin had gross assets of €59.0m)
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