Innova Capital sold Neomedic, a leading neonatology and obstetrics hospital group in southern Poland, to Medicover, a leading international healthcare and diagnostic services company, for €70m. Innova Capital invested in Neomedic in Oct. 2012 by taking over nearly 70% of its shares. This was another founder succession transaction executed by the fund in recent years. “The management of Neomedic is delighted that the Medicover Group will become the new owner of the Company. Medicover is present in Poland for many years and we value highly its experience in the healthcare sector, especially as the operator of the largest private hospital in Poland – the Medicover Hospital in Wilanów. We see a lot of benefits in exchanging know-how and working together to further expand the gynecology and obstetrics practices. We are looking forward to continuing our mission of growing the Company with their support. Our plans focus on strengthening of our offer in Kraków and the Małopolska region and we will also be looking for opportunities in other locations,” said Tomasz Wiśniewski, CEO of Neomedic.