ARES Acquires the Cardiology Activities of Monza Hospital; Announces the Formation of MONZA-ARES Group
With this transaction ARES inherits the largest private surgery hospital in Romania and establishes MONZA-ARES Group as Romania’s leader in private cardiology provider
December 14, 2023 – Bucharest, Romania – ARES Group, a Highlander Partners portfolio company, announces the completion of a transaction to take over the cardiology activity of Monza Hospital in Bucharest from its current owner, Policlinicco di Monza. ARES will now own and operate the entire cardiovascular surgery and interventional cardiology departments of Monza Hospital. Concurrent with this transaction, Brain Hospital will take over the neurosurgery, ENT, orthopedy and other surgical departments of Monza Hospital.
With this transaction, Highlander announces the formation of MONZA-ARES Group (“MONZA-ARES”). Through aggressive expansion, MONZA-ARES Group has firmly established itself has a top provider of private medical services in Romania, with premier, innovative cardiology and interventional radiology solutions in 7 facilities in Bucharest, Cluj-Napoca, Pitesti, Constanta and Tulcea.
Established in 2012, Monza Hospital was built from the beginning as a complex cardiovascular and general surgery hospital, benefiting from the necessary space to accommodate the optimal medical flows for such interventions. Throughout a decade of activity, Monza Hospital has provided high-complexity medical services, within specialties such as cardiology, neurosurgery, orthopedics, ENT and other surgical specialties. Monza’s cardiology department has become renowned for its advanced capabilities and the quality of its medical team.
“In 2016, we became partners of Monza Hospital and together we developed a premium high-performance private cardiology network, providing solutions for all types of cardiovascular conditions. Monza and ARES serviced thousands of Romanian patients and became synonymous with innovation and excellence in cardiology” said Dr. Dan Deleanu, Coordinator of ARES Group’s interventional cardiology department.
“We are happy to further develop the cardiac center of Monza Hospital, addressing cardiovascular diseases in an integrated way, by uniting the Monza and Ares teams for the benefit of our patient. We can now reach more patients throughout the country, through ARES national network” said Dr. Theodor Cebotaru, Head of the cardiovascular surgery section in Monza Hospital.
”We stand before a natural takeover of the activity of Monza Hospital by our partners ARES and Brain Hospital, who will ensure the development of the hospital and center its activity on complex surgery, the main differentiator of the Hospital in the private market in Romania. The Monza, ARES and Brain teams have already been working together for many years and we are confident that this ecosystem will continue to work very well to offer patients innovative solutions to solve complex conditions” said Luca Militello, CEO of Policlinico di Monza.
Dr. Adrian Stroilescu, Managing Director of Highlander Partners, commented “this acquisition confirms ARES’ position as the leading private provider of cardiology services in Romania. Monza is a renowned healthcare provider in Romania and is known for its excellence in cardiology. We are proud to own this unique business and partner with each of its highly skilled doctors and employees. Our newly formed platform, MONZA-ARES Group, will continue to grow throughout Romania with the goal of providing Romanians the highest quality healthcare possible.”
ARES Group is a top provider of private medical services in Romania, offering innovative therapeutic solutions in cardiology and interventional radiology. ARES currently owns 10 Cath labs in Bucharest, Cluj-Napoca, Pitesti, Constanța and Tulcea and 3 multidisciplinary clinics, specialized in cardiology, in Cluj-Napoca. ARES’s mission in Romania is to provide access to innovative treatments that preserve bodily integrity, with an emphasis on cardiology. In the spirit of this mission, ARES medical team has performed 18 national medical premieres. Since 2019, ARES is majority owned by the American investment fund Highlander Partners. For more information, visit www.centrele-ares.ro.
About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with more than $3 billion in assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Highlander Partners employs a buy and build investment approach, creating value by helping companies grow both organically and through acquisitions. For more information, visit www.highlander-partners.com.
About Brain Hospital
Up to now, around 2000 neurosurgery interventions, ENT, many of them with a high degree of difficulty, have been carried out annually at the Brain Hospital, performed in multidisciplinary teams of highly specialized surgeons. Doctors trained both in Romania and abroad, with extensive professional experience, passionate about their job and united around common values related to the way the patient should be treated and cared for, will continue to offer high-performance medical services at the Monza Hospital in the future.