Elstar Fund

The Fund is focused on private equity projects in the healthcare sector in Eastern Europe (CEE) that offer attractive medium to long-term investment returns.

The portfolio consists of Euroclinicum Group, Canadium Medical Care and Kardia that operate hospitals, ambulances, laboratories, pharmacies and individual health care clinics.

In 2012 the Euroclinicum Group generated:

  • consolidated sales of CZK 850mn;
  • EBITDA of CZK 137mn;
  • number of employees 1,234 people.

Euroclinicum Group

Euroclinicum GROUP owns, manages and operates healthcare providers in the Czech Republic, delivers health care in wide range of medical sectors and generates synergies both economic and medical between those sectors.

Euroclinicum delivers health care to general public (servicing over 500 000 individuals) and is reimbursed by the Health insurance funds, also provides individual care paid privately, Occupational health to employers and diagnostic services to other healthcare professionals.

In the portfolio of Euroclinicum are outpatients clinics, hospitals, pharmacies, chain of laboratories and occupational health provider and individual care clinics.

Euroclinicum launched a loyalty program for its customers, successfully acquired and consolidated medical providers.

Euroclinicum Euroclinicum



Kardia specializes in providing occupational health to over 200 000 employees of its clients.

Kardia provides the services throughout the Czech Republic through a chain of own clinics and network of over 500 authorized partners. It also operates 15 on-site medical centres placed directly at client premises.

Kardia has certified system of care and operates under ISO standards.

Kardia’s clients include major banks, post office, automotive manufactures, tier 1 automotive suppliers, major retailers, coalmines, airport authority and IT companies.

Kardia successfully launched online products for SME sector and Kardia has been a part of EUROCLINICUM since 2011.

Kardia Kardia


Canadian Medical Care

Canadian Medical Care is a private outpatient health care facility that combines individual approach with high level of medical care in a wide range of specialisations. CMC was the first private clinic in the Czech Republic to obtain a certificate of quality from the United Accreditation Commission, is repeatedly rated by Czech Best 100 among the top Czech companies, and that many of CMC doctors have a Medical Advisor to the U.S. Embassy in Prague certificate.

CMC is member of Euroclinicum Group.

Canadian Medical Care Canadian Medical Care