InMedica Group, the largest private medical services network in Lithuania, is continuing to expand – this November it acquired Tilžės G. Bendrosios Praktikos Gydytojų Kabinetas (Tilžės G. BPG), a general practitioners’ clinic in Šiauliai and one of that city’s oldest private medical establishments. It is the group’s sixth family medical centre in Šiauliai and its 66th overall. In total, InMedica Group now comprises 84 clinics.
“We are steadily growing the network of clinics in order to be closer to patients and improve access to medical services all over the country. The Tilžės G. BPG clinic has been operating in Šiauliai for 24 years and in that time has built a strong bond with patients. Our investment will make it possible to further enhance the clinic’s work, ensuring high standards and a broader range of services,” says Kęstutis Broniukaitis, the CEO of InMedica Group.
Tilžės G. BPG has earned patients’ trust with its team of 37 employees at present: family doctors, medical specialists, dentists, oral hygienists, nurses and other medical staff, all of whom attend to the health of the medical centre’s 7,600 patients.
“Our aim is to maintain the highest quality of service and strong focus on continuous professional development. We highly value the expertise that the team has developed over many years and will continue to nurture that,” Broniukaitis notes.
More possibilities for patients
The integration of the Tilžės G. BPG clinic into the InMedica Group’s network will allow patients to access an even wider range of healthcare services. For example, when they need varied types of specialists –cardiologists, endocrinologists, neurologists, gastroenterologists, and others – they will be able to turn to InMedica Group’s nearby multi-profile Kardiolita clinics.
“Having a concentration of different types of medical services in one group and in the same city makes it possible to ensure an uninterrupted treatment process and give patients the chance to entrust their health care to very highly qualified specialists,” InMedica Group’s CEO explains.
According to the Tilžės G. BPG clinic’s director, Vytautas Brazauskas, the medical centre has always focused on the quality of the services that area provided, giving special attention to patients’ wellbeing.
“Together with a highly experienced professional team, we have earned patients’ trust by providing quality services, so it was important for us to find a partner who shares the same values. Joining InMedica Group will give the team a chance to grow and will let patients benefit from a wider range of treatment possibilities. I’m confident that the traditions of many years will be continued and strengthened,” Brazauskas emphasises.
About InMedica Group
With a network of 84 clinics in several cities, InMedica Group is the largest private healthcare service provider in Lithuania. It is the owner of InMedica, Kardiolita Hospital, and VIC Dental Clinics. The InMedica Group’s companies offer diagnostics, outpatient care, surgery, dentistry and other medical services. The group includes 66 family medicine centres, 6 broad-profile hub clinics, 10 specialised clinics, 1 walk-in clinic, 1 rehabilitation clinic and 5 laboratories.
InMedica Group’s companies have over 3,500 employees and provide healthcare services for more than 301,000 registered patients. In 2023, the group had revenue of over EUR 126 million. 45% of InMedica’s shares are held by the INVL Baltic Sea Growth Fund, one of the largest private equity investment funds in the Baltics, as well as AB City, the largest Latvian private medicine group (40%), and Litgaja (15%).
About the INVL Baltic Sea Growth Fund
With a size of EUR 165 million, the INVL Baltic Sea Growth Fund is the leading private equity fund in the Baltics. Its anchor investor is the European Investment Fund (EIF).
The EIF, which is a part of the European Investment Bank, has committed EUR 30 million with the support of the European Fund for Strategic Investments (a key element of the Investment Plan for Europe, or the Junker Plan) while also allocating resources from the Baltic Innovation Fund, a “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia. The initiative aims to increase capital investment in high-growth potential small and medium-sized enterprises in the Baltics.
The fund focused on investments in the Baltic countries and neighbouring regions such as Poland, the Nordics, and Central Europe. The INVL Baltic Sea Growth Fund has already invested in a diversified portfolio of nine companies. That includes companies operating in the food processing, healthcare, medical rehabilitation, civil engineering, plastic recycling, environmental management, and veterinary services sectors, as well as in the manufacturing of cosmetics and hygiene products.
The fund is managed by INVL Asset Management, the leading Baltic alternative asset manager, which is a part of the Invalda INVL Group, with a track record spanning over 30 years. The group’s companies manage or have under supervision more than EUR 1.6 billion of assets under management across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate, and private debt. The group’s activities also include family office services in Lithuania, Latvia, and Estonia, management of pension funds in Latvia, and investments in global third-party funds.
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
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INVL and Šiaulių bankas merged their retail services as of 1 December 2023.