Sunday, 20 January 2013

CEE-centric ARX Equity Exits Czech-Polish Eyecare Group Lexum

ARX Equity, a CEE-centric PE firm, has sold its stake in Lexum, a Czech and Poland-based group of hospitals specializing in eye care. The exit comes three years after ARX acquired Czech-based Lexum in 2009 through a management buyout, and two years after a bolt-on acquisition of Polish group Lexum-Medica. The strategic buyer in the deal is Moonray Healthcare, a buy-and-build type operation with interests in ophthalmic specialty care (Optegra) and telemedicine (Telehealth Solutions). Lexum runs 10 eye care hospitals in Central Europe, including a 2,500 sq. m. new flagship center in Prague. ARX’s operations are focused on MBOs and consolidation deals, and the PE firm operates out of offices in Poland, Hungary, the Czech Republic and Romania.

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