October 2010

We took a 30% share in CM Mavit

We signed an investment agreement to participate in a capital increase in Melvit, under which we acquired 30% of shares.

Mavit Medical Center was established in 2000 as a Private Healthcare Facility and has been operating an ophthalmology center in the Bielany district of Warsaw. In 2003 the company opened an ophthalmology diagnostics center in the Ursynów district of Warsaw.

“We decided to obtain new equity in order to accelerate our investment plans, which include expanding our hospital in Katowice with a new ophthalmology ward,” said Ryszard Stolarski, co-founder and Chairman of Mavit's Supervisory Board.

 “We decided to acquire shares of Mavit Medical Center because we believe in the prospects of the medical services sector and we were impressed by the quality of Mavit's management, the high quality of the services provided and the level of patient satisfaction,” said Aleksander Kacprzyk, Managing Partner of Resource Partners.

“We have gained a reliable partner, with significant experience in healthcare and businesses development, who will finance our development plans, as well as future expansion ideas,” stressed Andrzej Mądrala, co-founder and CEO of Mavit Medical Center.

 “Our investment strategy is to support the ambitious development plans of successful entrepreneurs, without taking over control of their companies. We are not only providing the resources to enable quick growth, but also – in the spirit of partnership and shared responsibility - we provide our expertise in long-term value creation,” said Ryszard Wojtkowski.

Mavit Medical Center has so far served over 93 thousand ophthalmological patients, performed over 15.5 thousand cataract removal procedures and 6 thousand Lasik procedures.

In 2010 Mavit opened a new hospital in Katowice with a laryngological and a maxillofacial surgery ward. It also offers advanced audiology diagnostics. Opening a new state-of-the-art ophthalmological ward in the Katowice hospital is scheduled for 2011.

Increasing our stake in Golpasz S.A.

In accordance with an earlier agreement, we bought additional shares from the minority shareholders and increased our stake in Golpasz S.A. from 67 per cent to 85 per cent. We have been an investor in Golpasz S.A. since December 2015.

Kent Orrgren at the European Health and Fitness Forum in Cologne

Kent Orrgren, CEO at World Class, performed at the European Health and Fitness Forum in Cologne. The 5th annual event brought together top experts from different sectors of the industry and over 400 delegates from 34 countries to discuss human capital in the European fitness sector.