This year marks exactly 40 years since its creation George Apostolopoulos in her space private healthcare. The reason for this Athens Medical Schoolwhich was founded in 1984 in Marousi.
Listed on the Athens Stock Exchange since 1991today the Group is valued at least 130 million euros from the marketbeing one of the biggest players in the sector and paying a dividend for the 3rd consecutive year.
Dr. Apostolopoulos is firmly at the forefront of the company’s management, serving as Executive Chairman and controlling the 44.46% of the share capital. Of course, he doesn’t play ball alone.
At his side he has his two sons, Christos and Vassilis, who help him with the management work, while in terms of actions he has the support of Asclepius International (36.3%), one of the strongest healthcare groups in Europe, which decided to invest in Faculty of Medicine of Athens in 2007.
Despite the great and radical rearrangements in the industry, which peaked in the years during and after the financial crisis, Dr. Apostolopoulos sees the listed company remaining on a growth trajectory, which was also confirmed in last year’s fiscal year.
Today’s photo
The Group managed to turnover of 258 million euros (of 233 million euros in 2022), operating profits of 38 million euros (+19% on an annual basis) and net profit of 8.1 million euros (from 6.9 million euros the previous year). And all this despite an increase in investments of 66%.
Today, the Athens Medical Center has seven hospitalswith a total capacity of 1,200 beds. It works with 2,800 doctors and employs 3,000 people. At the same time, it has a significant presence in Romania.
Annually, the Group’s hospitals receive more than 100,000 imports, perform at least 62 thousand surgeries, serving 700 thousand patients, of which 8,500 come from abroad.
The challenge of dispersion
The next day for Giorgos Apostolopoulos includes a difficult stock market hurdle, that of her low dispersion of capital, since the two shareholders jointly control 81% of the share capital.
This means that they will have to grant the depth of a few months 6% of the shares, in order to be in line with the new HEXA requirements (minimum spread of 25% for listed values below 250 million euros).
Otherwise, they initially run the risk of Surveillance and later with “downgrade” to Alternative Market.
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(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)