Medicap owns Estonian, Finnish and Lithuanian laboratories operating under the Quattromed and Sorpo brand names.
BaltCap’s managing partner Peeter Saks said, “We carried out our original investment hypothesis and executed a regional buy and build strategy, growing the company’s revenues by more than four times since 2008. We are pleased that Medicap has now been acquired by an international lab chain with a vision to continue developing and growing the business.”
Medicap Holding has more than 200 employees and provides more than 5 million laboratory tests per year to general practitioners, medical institutions and private individuals.
BaltCap recently agreed a €1.5m investment in PostService Group, the largest privately-owned postal operator in Latvia.
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