Mehiläinen completes acquisitions of Regina Maria and MediGroup – ownership arrangement finalised

Mehiläinen Group is one of the largest integrated outpatient-focused healthcare providers in Europe with a network of over 1,500 locations in 7 different countries serving over 5 million patients annually.

In April, Mehiläinen announced the acquisitions of Romanian healthcare provider Regina Maria and Serbian MediGroup. The acquisitions were successfully completed on 18 December 2025, after receiving required regulatory approvals. Regina Maria is one of Romania’s leading healthcare providers, offering extensive medical clinic and hospital services to over 2 million customers annually. MediGroup is the leading player in Serbia’s private healthcare market. Both companies are renowned for their high quality and efforts in advancing healthcare services.

– We are very pleased to have completed the acquisition process. Regina Maria and MediGroup are wonderful companies run by highly capable and entrepreneurial management teams. Together they represent a significant step in our growth journey towards becoming the leading private healthcare provider in Europe, said Janne-Olli Järvenpää, CEO of Mehiläinen Group.

As part of these transactions, Hellman & Friedman (H&F) is joining CVC Funds as a significant shareholder in Mehiläinen. Other key direct shareholders of Mehiläinen include company’s management, employees, and private investors, as well as Finnish institutional investors.

Mehiläinen Konserni Oy ownership at the year-end 2025

Mehiläinen Group is a well-known and highly respected private provider of healthcare and social care services, offering comprehensive high-quality care in Finland, Sweden, Germany, Lithuania, Estonia, and now also in Romania and Serbia. Mehiläinen also offers digital healthcare software solutions through its subsidiary, BeeHealthy. Founded in 1909, Mehiläinen is a rapidly developing and growing leader in the industry with a network of over 1,500 locations and 5 million patients annually. Mehiläinen continuously invests in the effectiveness and quality of care in all its business areas, supported by continued investments in digitalisation.

Regina Maria – The Healthcare Network is the leader in medical quality in Romania, being the only private health operator within the country with five hospitals internationally accredited. With 22 accreditations – a unique achievement in Central and Eastern Europe – Regina Maria continuously demonstrates its commitment to medical excellence and patient safety. Over the past decade, more than one million reviews have been given by patients to Regina Maria doctors through a unique feedback system, resulting in an average rating of 9.63 across the Network. Regina Maria is also the leader in healthcare digitalisation in Romania, with the Regina Maria medical app being the most downloaded and widely used app of its kind, boasting over 1.7 million patient accounts.

MediGroup – The Healthcare Network is the leading private healthcare system in Serbia. Established in 2013, it has grown from a few hundred employees to a team of over 2,500 dedicated professionals. With a nationwide presence and a network that includes 16 healthcare centers and polyclinics, a general hospital, 3 specialty hospitals, 4 diagnostic centers, and more than 75 laboratories, MediGroup provides a comprehensive range of healthcare services—from preventive check-ups and diagnostic testing to advanced surgical procedures. Driven by a commitment to excellence, the system continues to evolve, ensuring top-tier medical care through the latest standards and cutting-edge technology.

CVC is a leading global private markets manager with a network of 30 office locations throughout EMEA, the Americas, and Asia, with approximately €201 billion of assets under management. CVC has seven complementary strategies across private equity, secondaries, credit and infrastructure, for which CVC funds have secured commitments of approximately €249 billion from some of the world's leading pension funds and other institutional investors. Funds managed or advised by CVC’s private equity strategy are invested in over 150 companies worldwide, which have combined annual sales in excess of €162 billion and employ more than 580,000 people. For further information about CVC please visit: https://www.cvc.com/External link. Follow us on LinkedInExternal link.

Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services. Since its founding in 1984, H&F has invested in over 100 companies and has over $120 billion in assets under management as of September 30, 2025. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.External link