Showing posts with label private equity. Show all posts
Showing posts with label private equity. Show all posts

Saturday, October 20, 2007

Stick out your tongue, Mr Sipowicz


With so many Polish people now living in Ireland (over 63,000 according to the 2006 census), it’s hardly surprising that a number of Polish-orientated businesses have sprung up in Dublin and elsewhere in the country. Indeed, enough critical mass seems to have been reached that it looks like a major healthcare operator from Poland is poised to establish its first foreign franchise here, an experiment which will do doubt offer a prognosis on whether the concept could be expanded to the UK, where there’s an even greater number of Polish ex-pats busy making a living (around 150,000).

Maria Stenka, a 45-year-old Polish dentist working from Dublin’s Dorset Street appears set to spearhead the launch of the first Lux-Med clinic in Ireland, and it’s an interesting play. Of the entire Polish community living in Ireland, almost one-third, or over 19,600 of them, live in Dublin city and county, making the prospects for Polish-speaking doctors and dentists seem rosy. Lux-Med may sound like a package holiday firm, but it’s big business on its home turf (http://www.luxmed.pl/en/page.php?sid=97 ).

The company operates 17 clinics throughout Poland, offering state-of-the-art medical facilities, and undoubtedly the service doesn’t come cheap. Lux-Med even likes to boast how during the summer a 50-strong team of its doctors looked after Rolling Stones concert-goers in Warsaw. No mean feat, and no doubt added to the 50 who were surely looking after the crumbling band members.

Lux-Med was acquired earlier this year by London-headquartered private equity firm Mid Europa Partners, which will certainly want to inject growth hormones into the business before it undoubtedly sells it on in a few years’ time. Part of that growth now looks like it will come from franchises set to cater for a burgeoning ex-patriate population in cities such as Dublin.

http://www.cso.ie/census/census2006results/volume_4/vol_4_2006_complete.pdf