PZU insurer eyes acquisition of healthcare business – report
March 18, 2014
Polish insurance giant PZU is negotiating takeover of two healthcare firms of total annual revenues of some PLN 30 million from PKN Orlen, the daily Puls Biznesu reports.
PZU wants to build up its own healthcare business in order to ensure a better cost control and to have a better view of the market, which will be helpful while negotiating partnership contracts with independent healthcare providers, the daily writes.
PZU may consolidate healthcare units of KGHM, Tauron and Orlen, which would form a firm with revenues of some PLN 350 million annually, according to an analysis by BESI.
Tauron is at the last stage of selecting an investor for its healthcare unit Elvita, Tauron spokesperson said. PZU may also be interested in purchasing spas belonging to KGHM's unit KGHM TFI, Puls Biznesu writes.