Euromedic Switches Sponsors

Warburg Pincus has sold Hungary-based healthcare services company Euromedic to Merrill Lynch Global Private Equity and Ares Life Sciences. No financial terms were disclosed. The existing Euromedic management team will remain in place.

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Euromedic International Holdings B.V., a pan-European healthcare services provider headquartered in Budapest, secures Ares Life Sciences (ALS) and Merrill Lynch Global Private Equity (MLGPE) as new investors, who will acquire the company from its current shareholders led by Warburg Pincus. The new shareholders will continue to back the current management team, led by co-founders Joseph Priel (CEO) and Janos M