SAT Health expands its outpatient care by acquiring Blocks Medical Center

June 2023 — Blocks Health and Social Care has sold Blocks Medical Center Mladost to SAT Health, a private equity-backed healthcare data analytics and outpatient care provider.

Blocks Medical Center Mladost (BMCM) is an outpatient care facility striving to provide the highest level of healthcare to its patients. BMCM is located in the heart of Business Park Sofia, the largest commercial offices ecosystem in CEE, and offers a broad spectrum of services, satisfying the various needs of its well-positioned and affluent customers. The facility carries modern medical equipment and leads a medical team of about 20 established specialists who provide high-quality and specialized diagnostic services to its patients. BMCM is part of Blocks Group, one of the largest social care providers in Bulgaria.

Headquartered in Bulgaria, SAT Health integrates data analytics and traceability with conventional and virtual patient care to drive the new way of collaborative working and partnership within the healthcare community. The company operates a hybrid healthcare model by integrating IT data science with its own network of outpatient medical centers, home visits and telemedicine. SAT Health, supported by its investors, is growing the business organically and inorganically and is leading the digital transformation and innovations in the healthcare sector.

Blocks Health and Social Care (Blocks) is amongst the leading providers of rehabilitation and long-term care services in Southeast Europe. Blocks delivers to its customers high-quality care throughout the whole spectrum of the post-acute care continuum, including recovery and rehabilitation, long-term acute care, nursing services, memory care, palliative services, and home care. Blocks has a specialized team of professionals bringing top-notch care services to its elderly patients, in accordance with the latest world standards and practices in the social care space.

Our role in the transaction

Oaklins’ team in Bulgaria acted as the exclusive M&A advisor to Blocks Health and Social Care in the disposal of Blocks Medical Center Mladost by managing the overall sale process and assisting the seller with all the required steps until closing.