Pia Mater, a social services firm, has been acquired by SAT Heath
March 2023 — The founders of Pia Mater Ltd. have sold the company to SAT Health.
Pia Mater provides social services for elderly people in Bulgaria. The company is the leader in the specialized-at-home care and offers 7 days a week in-home visits for seniors and disabled people, satisfying their essential needs and providing vital companionship and lookovers. With its institutionalized approach Pia Mater responsibly takes care for its clients’ day-to-day needs, including nutrition, medication, cleaning, personal care and shopping.
Headquartered in Bulgaria, SAT Health is a reliable, certified healthcare information and technology provider. The company offers a wide range of solutions for the sector, performing expert healthcare system analysis and providing effective technology solutions. SAT Health’s service portfolio is based on solid data audits and specialized market healthcare research, providing solutions for the entire healthcare industry. It serves pharmaceutical companies, pharmacies, pharma wholesalers, medical and industry associations, and administrative bodies.
Our role in the transaction
Oaklins’ team in Bulgaria acted as lead M&A advisor to the sellers managing the overall sale process, including the go-to-market strategy, the approach and negotiations with potential buyers and the preparation of the due diligence process, and assisted them until closing.
Nina Dimitrova
Co-founder and CEO, Pia Mater Ltd.
Talk to the deal team
Related deals
Comtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn moreCibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreKatalyst Diagnostics has been acquired by Cruinn Diagnostics
Katalyst Diagnostics Ltd. has been acquired by Cruinn Diagnostics Ltd. The acquisition strengthens Cruinn Diagnostics’ presence in the UK diagnostics market, adding established NHS customer relationships, local commercial infrastructure and a complementary portfolio of point-of-care diagnostic solutions. It also creates opportunities to introduce Cruinn Diagnostics’ products to UK customers while leveraging its established Irish platform to accelerate the growth of Katalyst Diagnostics’ portfolio in Ireland. With more than 100 employees and revenues in excess of US$56 million, the combined business will continue to focus on the UK market, where Cruinn Diagnostics sees significant opportunities to expand through further investment and targeted M&A.
Learn more