Mehiläinen Group, Finland's largest private healthcare provider with over 115 years of medical expertise, has announced the acquisition of 100% of the shares in Regina Maria and MediGroup from investment fund Mid Europa

This represents the largest transaction in the Central and Eastern European (CEE) healthcare market to date, according to an official statement from Regina Maria on Tuesday.

Regina Maria, Romania's second-largest private healthcare operator, has been acquired by the Nordic-based Mehiläinen Group, which is backed by CVC, one of the world's largest financial investors. The acquisition further solidifies Mehiläinen's expansion strategy in Europe.

With a portfolio of nearly one million subscriptions and approximately 13,000 corporate partners, REGINA MARIA remains one of Romania's leading premium private healthcare providers. Its sister company, MediGroup, is a major player in Serbia's private medical services sector, boasting over 100 locations and more than 2,500 employees. The combined revenues of the two companies exceeded €550 million in 2024.

Mehiläinen Group has established itself as one of the fastest-growing healthcare companies in Europe. With a legacy spanning more than a century, the Finnish group is now present in five European countries, reinforcing its position as a leading private healthcare provider.

Janne-Olli Järvenpää, long-time CEO of Mehiläinen and board member, is pleased with the acquisitions and the owners’ commitment to steady growth: “Regina Maria is one of the fastest-growing and highest-quality healthcare service providers in Europe, led by some of the best professionals in the field. We have closely followed the company's development for years, and we are truly delighted with the opportunity to partner up with Regina Maria’s management following this acquisition. Regina Maria’s sister company MediGroup is also a leading player in its market with excellent quality. I am also delighted to welcome Hellman & Friedman, who brings significant global healthcare sector expertise, alongside CVC. Mehiläinen's revenue has grown more than fivefold over the last ten years. Private equity owners with a long-term value creation mindset play a key role in supporting Mehiläinen's leadership in international expansion and service development.”

"We are honored that the largest healthcare provider in Finland, with over a century of medical experience, recognizes the potential of the medical market in Romania and Serbia. This investment reflects Mehiläinen Group’s confidence in the economic development of the region and marks an extremely significant chapter in our network’s history. We are excited to step into this new stage, where we aim, together, to transform the European landscape of private healthcare, relying on strong management teams and an integrated vision. Together, we are moving towards a future of increasingly advanced, digitalized, and accessible healthcare, where patient safety and the quality of medical care remain paramount", said Fady Chreih, CEO of Regina Maria and Chair of the Board of MediGroup.