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Filοktitis Rehabilitation Center was sold for €1

Iaso Group announced the sale of all the shares it held in the FILOKTITIS Medical Rehabilitation Centre to Darzalas Capital Sarl, at the price of 1,00 euro.

The sale of Filoktitis SA will not have a significant impact on the individual or consolidated results of the Company and the Group, given that on 31.12.2019 a provision for impairment was made for the investment of the Company and the Group in Filoktiti SA,.

In addition, the Group has ceased from 31/08/2020 to consolidate the results of Filoktitis SA which were negative (losses after taxes  in 2019 were €15,099,421.37 and -in 2018 were €1,637,524.02).

The transaction is not expected to result in any significant financial implications for the Company or the Group.

Mr. Ilian Grigorov, Chairman of Darzalas Capital Sarl, said: “We are very happy with the acquisition of Filoktiti SA. It will serve as a basis for the development of a wider platform of rehabilitation and long-term care in Greece. Darzalas Capital Sarl is an investment vehicle for investing in healthcare in Southeast Europe. It owns the majority of Blocks Health and Social Care, a regional rehabilitation and long-term care center.

Original Source: Euro2day

Adaptation/Summary: Kiki Athanasiadis

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