HYGEIA Hospital
ΛΗΤΩ Μαιευτικό, Γυναικολογικό & Χειρουργικό Κέντρο
Creta InterClinic – Ιδιωτική Κλινική | Διαγνωστικό Κέντρο
AlfaLab | Kέντρο Μοριακής Βιολογίας & Κυτταρογενετικής
Y-Logimed Α.Ε.
Business Care
Digital Clinic


10 July 2018

DTCA HYGEIA SA (the Company) announces that on 06/07/2018 a Share Purchase Agreement (SPA) was signed with AMERICAN HOSPITAL SH.A (the Buyer), a company registered in Tirana, Albania, for the sale of 100% of the shares (the Transaction) the Company holds in its subsidiary HYGEIA HOSPITAL TIRANA (HHT).

The Buyer assumes the liabilities of HHT amounting to 29.5 million euros in total (including the long-term borrowings of HHT, amounting to approximately 19 million euros, as well as liabilities to HYGEIA Group companies, amounting to approximately 2.5 million euros).

The consideration shall be calculated on a cash free debt free basis at the time the transaction is concluded and shall be used in its entirety to reduce the Company’s bank borrowings. With regard to the conclusion of the Transaction, the Company will make a relevant announcement to inform the investment community.

Note that the completion of the Transaction is subject to the approval of the Competition Authority of Albania and Kosovo and customary transaction related conditions..

Following this action, HYGEIA Group is expected to significantly improve its liquidity and debt ratios.